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To: The Freep who wrote (63249)1/9/2003 7:59:52 PM
From: Paul Shread  Respond to of 209892
 
>>you still think that 90% day was a blowoff?<<

Yes. A recurrent pattern is another 2-3% higher over as much as several weeks and then down.

That said, I don't know what Lowry's said about it. I'm not a subscriber currently and haven't heard from Paul Desmond on it.



To: The Freep who wrote (63249)1/9/2003 8:27:33 PM
From: Paul Shread  Respond to of 209892
 
I think it's interesting that the market has put in two follow-through days this week - but run into the same resistance level each time. Could be churning or distribution going on.



To: The Freep who wrote (63249)1/9/2003 8:41:32 PM
From: At_The_Ask  Read Replies (1) | Respond to of 209892
 
particularly since Merlin's creator doesn't post here (see ATA?).

HUH? Are you saying I can't say merlin is a fade because the guy doesn't post on this thread? Wrong is wrong and can't be defended, especially 1k dow points in 2 weeks. I was hard on it when the guy posted it last week because I pretty much knew it was gonna be way off and was hoping to instill some doubt in him and maybe save him some money.

The thing that got me was a few other times he was wrong people were saying it was an "inversion", that amount "rationalisation" kind of got under my skin.

I admire merlins creator and anybody else who's not afraid to stick their kneck out and make a call.
However, if you want to predict stuff you have to take the criticisms along with the good times, your part of the public domain. I'm practically an expert on wrong and when I am if somebody calls me on it then I have to accept it.