Boy windy, I just looked at your latest post to me. You sure put a lot of effort into keeping track of me.
The simple fact is that all of those charts were possibilities. I have no problem with being able to see a possibility that is not bullish. You on the other hand, as I have pointed out many times, are a one trick pony. If there is a possibility that is not bullish, you cannot see it. You have spent so much time at the feet of your "cheif" guru that you are a completely convinced perma bull. You are the spawn of da cheif.
In the past 25 years that I have watched that fool he has missed every bear move in the market. Large move or short move down doesn't even exist for him. He has gone so far to say that the corrections do not even exist. They are only more buying opportunities in preparation to move higher. While it is true that every correction in the history of the markets has been followed by a move to new all time highs, corrections still take place. These corrections can be devastating to some due to the timing of them. Being aware that a bear market is a strong possibility and taking the proper precautions can be enormously profitable.
Playing the market long as it goes up and short as it goes down is a beautiful thing for a trader. Neither you nor your mentor have a clue what that is like. You proved it back at the beginning of 2022 when both of you continued to call for rallies to new ATH at every dip all the way down from 4818 to 3491. Your guru mentor completely missed the 50% and 55% hair cuts the market took in 2000 and 2007-9. He has missed every correction since and so have you.
In reality it is fine if being a perma bull buy and hold investor is what you wish to be. Over the course of your lifetime, it is possible your portfolio will grow and you will do very well. Of course the timing is important.
If you If you were holding long and died at the bottom of a 55% drop it would not be so great. It is all up to each to decide what he wishes to be.
da cheif decided decades ago when he said that he decided that if he was going to be king of the markets he would have to stay bullish. He has stayed bullish and now he thinks he is the king of the markets. That is fine if that is what you want. Just admit it to yourself and allow others who wish to use the markets differently do their thing. Don't try to fool others that you are something you are not. You and cheif are just perma bulls. You are no more and no less. All of your work and effort is meaningless. It is all the same. It is always just bullish. Period. Your projected targets are just bullish and nothing more. It's Ok. It just is what it is. When the market cooperates, you look great. When it does not you look foolish.
As an Elliotician you stink and you do not seem to improve. I attribute this to your perma bullishness. It is as though your count must always reflect your perma bullishness. You do not hesitate to break rules and present sloppy counts as long as your count remains bullish. Shame on you. But it will work for you 60% of the time.
I think we should also acknowledge that other group who buy and sell stocks. This vast group of people who buy low and sell high. They make up the at least 90% of stock traders. They buy low and sell high, whipsawed back and forth by their emotional swings between fear and greed till they have lost all their money or give up.
I will close with this. If you must be a perma anything, be a perma bull and NOT a perma bear.
For the perma bull, time is on your side. For the perma bear, time is against you.
The market rises 60% of the time and declines 40% of the time. It is as though the market takes three steps forward and two steps back. The long-term trend is always up. A long-term chart of the market always goes from lower left to upper right.
As I always say, being bullish is easy, anybody can do it. All you have to do is buy an index and hold and live long enough.
I have been pretty windy myself, but it's a rainy afternoon and not much happening. |
