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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (24628)	8/18/2001 2:59:02 PM
From: TREND1	Respond to of 30051

West Before you post your tech system on SI, why not just give us all one trade "before the fact" Everyone can be great "after the fact"(g). But that is up to you. Larry Dudash

To: westpacific who wrote (24628)	8/18/2001 5:13:54 PM
From: Math Junkie	Respond to of 30051

I think you're overreacting. Nobody said anything about suing, and in any case I did not act on your forecast because I couldn't get a good enough reason out of you to justify taking any action. I'm just pointing out that posting about PANIC in capital letters, along with the frequent dire predictions and multiple exclamation points, had the effect of creating fear in the mind of the reader. Then, after the market closed, you tell us, Oh I meant the Dow, not tech stocks, and maybe it won't happen on Monday after all. Maybe you ought to give some thought to whether creating fear is what you really intend. Message 16224731 Message 16225793 Message 16225941 Message 16226060 Message 16226199

To: westpacific who wrote (24628)	8/18/2001 6:06:31 PM
From: Math Junkie	Read Replies (1) \| Respond to of 30051

P.S. You might also want to consider whether claiming 100% accuracy over a 120 year period is a good idea. Message 16226628 Message 16227341

To: westpacific who wrote (24628)	8/18/2001 6:59:36 PM
From: Dale Baker	Read Replies (2) \| Respond to of 30051

West, here is a lurker's perspective. There are two problems with the emphatic predictions on this thread. First, most are wrong. I have been skimming this thread for several months and rarely find an accurate short-term call. It's well-informed guessing that underperforms flipping a coin most of the time. I haven't done a statistical study but crunching the last few thousand messages would probably bear that out. Second, most SI prognosticators deliver all their predictions with equal, vigorous conviction. Not "I think my indicators point to a likely drop" but rather "This sucka's gonna tank next week!!!!!!!!!" So lots of folks, especially newbies, will take you at your word when you or anyone pounds the table with a call. And most have not followed the SI guessing game long enough to know how many calls are wrong. Nothing against folks who try to read tea leaves (though clearly it's not my game) but remember how your words may be perceived. Zeev has said many times that being right 60% of the time is the goal. That's how you make money, but I hardly think it's a number worth pounding the table over. FWIW.