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To: re3 who wrote (157178)5/11/2003 9:18:38 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 164684
 
His name is Don Wollanchuk and apparently he had this stellar record for market timing from the late 80s until now, he knows Prechter and other gurus and has a website and people track his calls etc. I know there are plenty of self proclaimed gurus on these stock threads but Wollanchuk is in another league entirely just based on his record. He's got a following like Brinker, you know people just do what he says.

OK so a great record in the late 80s and 90s... well fine... of course any super extremely agressive perma bull looked like a star then. And da_chief admittedly blew this bear pretty badly like all bulls, calling for up moves that never materialized. The problem with judging him is that he uses this other method called the CLX which is purely a short term trading indicator that won some kind of academic award for statistical modeling, and this CLX method when applied to short term trading works really well if you have the time and inclination to do the calculations every night, etc. (personally I think all that technical stuff is mumbo jumbo so I never bothered to learn the CLX thing)... anyway da_chief can call a bull market move and be wrong but since he trades this CLX short term he can still be right. So like all pundits he had his moment, and who knows maybe his time is coming again. For a number of reasons he thinks gold is going to the moon and stocks too. Basically he thinks this bear was just a correction in a longstanding Bull mkt that was a retracement to match the 30s bear and now we are off to the races again. Who knows, sure not me after these 3 years.

I'll say one thing though, it takes courage to be a bull on any chat board in the last year or so, and his thread was the one or 2 places where bulls could converse.