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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (21698)	11/12/2004 12:59:21 PM
From: orkrious	Respond to of 110194

speaking of gold bears Message 20761162

To: ild who wrote (21698)	11/12/2004 1:32:09 PM
From: patron_anejo_por_favor	Respond to of 110194

Heinz is right....his best recent post was the one right after the election that said "we now return you to yer regularly scheduled program, AKA "Gold Bull Market"....

To: ild who wrote (21698)	11/12/2004 2:20:19 PM
From: I_C_Deadpeople	Respond to of 110194

If you go back further you will find that Pretcher also said the same thing about $300 POG as well as $330, $375 and $400. He has consistently made the one mistake an Elliotician should not - he ignores the alternative count because it does not meet his ORIGINAL prediction. Pretcher made the $200 Gold proice call in in early 80's and had he said 'close enough' when it had closed at $252 and then gone through $300 - he would have in essense made the perfect call. Instead he is fixated on $200 and has raised his 'bar' too many times to put faith in any of his analysis. I think Pretcher nailed the pyschological aspects of markets, this is where he added true value to the whole EW approach. He sucks though at short and mid term predictions.