Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: s berg who wrote (715)	7/18/2001 12:40:45 AM
From: Les H	Read Replies (1) \| Respond to of 1328

If you add up the assets of all the Rydex sector funds at the end of the last quarter, there appears to be over 970 million dollars not accounted for in his report. I believe that's about as much as the OTC fund by itself.

To: s berg who wrote (715)	7/18/2001 9:25:01 AM
From: HairBall	Read Replies (2) \| Respond to of 1328

s berg: OT I don't bother to read the perma anythings anymore. They are bound to get it right eventually, but can anyone make money on their expectations? It seems more and more folks on SI are just jockeying for crowd adulation for the "good call", while some of us are just working at making money in the markets day to day. I joined SI in the summer of 1998. At first I was just a lurker just like most that come to a message board for the first time. Eventually I started posting in an effort to share my work with others as they had been sharing their work with me. My MDD Thread and now this thread have never been threads centered around one or a few gurus, but about providing a forum for all that are willing to step up to the plate and share their work. After posting my Sunday evening commentary and charts, I've noticed a few folks on SI are beginning to add the falling wedge from the May 22nd high to their charts as well, as my possible scenario unfolds. I followed a link to the CFZ Ewave thread and noticed that AA now has a count using the wedge that pretty much follows the scenario I posted in my 7/8 Sunday MDA Web Site update. I personally do not use EWave, although I bought the Frost/Precter book after the 87 correction and all the hoopla about Precter’s call. I gave ewave a whirl. That is the only book on TA I have ever read. I found ewave more accurate in hindsight for me, I needed erasers...<g> Of course, those that practice it swear by it and conform their believe system around it. I recently read a post on the CFZ Ewave thread announcing that TA cannot predict, but ewave can. I completely disagree. Neither can predict, they are both tools of probabilities when used correctly. I also occasionally read a guru on SI who often defers to his own style of analysis, which is short-term. This person's belief system is that you can't project longer-term and often makes that statement. After the person's latest statement on this, the next day I read a post by the same person with a prediction going out many years. While the preditions were discounted somewhat in the post, I still don’t get it, why bother...<g> I restate my contention that some folks tend to conform their belief systems around the type of analysis that seems to works for them. Personally I don't make it a habit of challenging other's methods, if it is working for you great. That's what counts. This thread was established in an effort to once again get folks to step up to the plate with not just their market expectations but also to promote the sharing of the research that led to those expectations/predictions. This allows readers to do more than just acknowledge the calls, it promotes a more enlightened discussion and provides a foundation for readers to learn and thereby formulate their own decisions. I don't care if the analysis is based on technical analysis (which includes ewave IMO), fundamental analysis, sentiment analysis, astrology, numerology, some new form of analysis or any combination of the above. As long as the research and work is shared in such a way, readers can learn enough about the techniques to formulate their own decisions. No technique or method shall be ridiculed on this thread or the technician. This thread is not about "at-a-boys"”, it is about the sharing of work in an effort so all that contribute or lurk can profit more from their trades and investments, period. Regards, LG