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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (22021)	1/3/2003 12:55:18 AM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 30712

googling "clx wolanchuk" produced this...when he isn't bull-chiting he actually has an intersting thing or two to say... Msg#: 26248 From: da_cheif (don wolanchuk) To: sandstone (James McRae) Date Posted: May 14, 2001 at 21:26:36 Subject: Re: don let me ask you in a stock house interview that is somewhere in storage incyberspace...im still looking......it was in 98....where i predicted a crash of some sorts prior to the next 4 year cycle low.....the crash was in da secondary market...actually wasnt a crash...it was just a hump in the long term up trend....inother words just like the dow in 87 just a hump in the overall uptrend....and like the 87 dow hump the latest naz hump brought out the same doom and gloom scenarios...but this time from a new generation of professional bears which was added to the allready large contingent of old line pro bears..some of the old generation did learn their lesson from 87 and this new generation will go through the same cycle...its basicly the 30 to 35 yearold market observers who didnt experience the 87 thing that are the most vocal in their bearish procrastinations...some like granville who missed the 73 74 bear market decided in 82 that he wasnt about to get fooled again and of course the bull market made minsmeat of him....basicly the problem with most analysts is that they dont have the tools except for some very short term stuff, that enables them to take a bigger chunk out of the market...the clx analyis is the key to that kind of performance and of course the proper read of the long term elliot count.....essentially its been my long held view that the market is controlled and manipulated to the point where traders are allowed to be become winners for a buncha nickels and dimes for an extended period of time then when the big upside kahuna arrives nothing seems to work anymore and more money is lost on the short side as the market it move up and away.....if it were easy then every body would have been able to say "I was able to out perform the S and P by a 2 to 1 ratio over a long period of time"...many have tried not many have succeeded....and of course there are always those analysts who will always have a bearish bent....lets face it..most FA over the years has made it easy to be bearish....unfortunately most have a misconseption about wat the market is all about....it.s a money making machine for the elite of this country and in that vain the masses must be convinced that the market is not just a grown up game of trading baseball card but a serious business of buying and selling companies , with earnings and all dat udder chit....and since this money machine is the primary reason for the existance of this moneyed elite you can rest assured that it wont be allowed to fall apart.....that is why after the last huge runnup it has taken 3 years of rotation to squeeze out the excesses....its been that way since the begining of the US markets...essentially its a fear driven invorenment and most focus on the present for their worrisome attitudes about the markets....all failing to analyse the market reactions to prior nasty reasons to be scared about the stock markets prospects....years ago there was plent to worry about.....continental illinois, saving and loan collapse, farm depression, south american debt default....incredibly theres not much of that crap to worry about now so the only thing left to worry about is the product of a supposed bubble mania...so you see people will always find something to worry about....thats why in a horse race there is only one winner....the horse with a rider who lets him have his head and doesnt worry about a thing.....why should he when there is an army of professional worriers doin it behind him........cheers