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 : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (1623)	1/20/2004 10:08:46 AM
From: Kirk ©	Read Replies (1) \| Respond to of 3432

RE: "In that last post.... I said nothing about a bull market or being bullish. I said nothing about a bear market or being bearish. I did not say 1334 was a given...I said it has a probability of occuring. " There is a PROBABILITY the sun could explode tomorrow too... how useful is that probability to help people make money? I've been trying to figure out if anyone can use eWaves to make money and all I have to go on is their public record to see if I want to spend more. With useful predictions like "the market could do anything and I'm not telling you my predictions" doesn't do much to help me decide to pay someone for market timing advice. You make fun of da Chief but he has some pretty awesome PUBLIC predictions on his board... He called the Nikkei bottom to the day and called the top in the long bond well before it happened. He has also been correctly bullish for as long as I have been following the both of you. He acts like a teenager with the name calling at times, but you have to admit he has been right the past year and you have been wrong on the overall direction of the market. I personally don't think anyone can reliably time the market but I am still here to let folks like you and da chief prove me wrong. My methods are old fashioned stock picking with asset allocation but I look to improve my results if I can find anything that works. I did notice you stopped posting your weekly targets for the markets on your web site. I guess it was too much work to keep changing the top prediction as the market went higher and higher last year? I remember you called a tweezer top last March and said the tops were in last April. I noted it on my web site just as I note the chief's predictions. Here is what I saved from your web site just after the market made its more recent significant bottom. suite101.com April 8, 2003 11:47 AM NASDAQ: For Tuesday, there may be some early upside, however, the bias is that the recent high near 1430 will not be broken. A reversal back down is expected soon after the opening hours. A break below support near 1389 and then 1378 is confirmation of a reversal back down with next support near 1335. A major top appears to be complete with the highs for the year likely set. Potential range for 2003: High 1520, low 800. Targets will be revised as conditions evolve. I'm showing the Nasdaq at 2141... just a bit higher than the top you called at 1520. I'd still like to know where you went wrong reading the eWaves... and what you've learned. Thanks Kirk