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To: Elmer who wrote (133026)4/20/2001 12:05:21 PM
From: Joe NYC  Respond to of 186894
 
Elmer,

So you think we might go up and it's also possible we might go down. Do you get paid for these forecasts?

Lol.

Joe



To: Elmer who wrote (133026)4/20/2001 12:10:43 PM
From: GVTucker  Read Replies (2) | Respond to of 186894
 
Elmer, you obviously don't look at technical forecasts that much.

In essence, they all say, "I think that the stock [or market, depending on the forecast] will go up, unless it starts going down, in which case I think that it will go down."



To: Elmer who wrote (133026)4/20/2001 3:53:03 PM
From: Jon Tara  Read Replies (1) | Respond to of 186894
 
OK, Elmer, I don't want to spoil your fun, but...

Most TA practicioners do not try to predict the market.

They try to find situations where "if A happens, then B is highly probable".

I made a pretty unequivocal prediction: "if it moves up out of the flag, we will have one mother rally"

If we don't get the flag, or the market fails to break-out of the flag, then I think we could see new lows.

I don't pretend to know where the market will be in 2 weeks, 2 years, or 2 decades.

Just, "if A happens, then B is highly probable"