Hey Vi,
I see you hang around over there at Wolanchuk's site, and you think he's a king ding, or a guru, or something. Have you ever seen these contest results? The entries were all given a hypothetical $50,000. As you can see, Wolanchuk lost half his in the 3 year period. All while the market went up 61%.
I'll tell ya, if that squirrel is a market timer then Britney Spears is a pentecostal preacher.
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FINAL RESULTS
METHODOLOGY SHOWDOWN TRADING CONTEST
1/1/94 - 1/1/97
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Profits Contestant Methodology
+$138,267..... Greg Meadors ....... Harmonics
+$138,220..... Glenn Neely ........ NeoWave
+$ 11,731..... George Lane ........ Stochastics
+$ 10,219..... Ron Jaenisch ....... Andrews/Babson
+$ 2,584..... Gary Smith ......... Tape Reading
+$ 1,285..... Benjamin Crocker ... Crocker Charts
$ 0..... Andrew Cardwell .... RSI
$ 0..... Bob Veres .......... Fibonacci
Losses Contestant Methodology
-$ 2,582..... Gerald Appel ....... MACD/Time Trend
-$ 15,468..... Phyliss Kahn ....... Gann
-$ 24,407..... Joe Armenio ........ Turning Points
-$ 25,964..... Don Wolanchuk ...... Elliott Wave
-$ 36,531..... Sherman McClellan .. McClellan Oscillator
-$ 42,061..... John Hussman ....... Fundamentals
-$ 42,943..... Peter Eliades ...... Cycles
-$ 44,543..... Mike Drakulich ..... Momentum
-$ 47,074..... Arch Crawford ...... Astrology
-$ 50,000..... Stephen Porter ..... Trading Bands
-$ 50,000..... Harry Schiller ..... Consensus
-$ 50,000..... Doug Sooley ........ Market Profile
-$ 50,000..... Gary Wagner ........ Candlesticks |
