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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (147802)	8/12/2007 12:55:47 AM
From: Shack	Respond to of 209892

he has never been a technical analyst Excellent observation, and I concur. But the man did develop a valid trading concept. Ironically he does not know how to use it IMO.

To: Henry J Costanzo who wrote (147802)	8/12/2007 6:30:11 AM
From: skinowski	Respond to of 209892

Mentioning Prechter always brings out differences and controversies. That is in itself interesting. I have read many of his analyses, and they are always interesting and thought through and well reasoned. But for many years they were likely to mislead the reader. Why? My opinion is that he allowed himself to become biased by his super large counts. Barnard Baruch was a recognized market genius - but if you read his biography carefully, after he made a lot of money on the 1929 decline (before the Crash - he covered too early) consequently he did not do too well. His fortune appears to have been on decline for the following several years. Jesse Livermore in the "Reminiscences" describes a period when over a few years he couldn't do a thing right, and kept losing money. So, these things can happen, R. Prechter is not the only one.