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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Vitas who wrote (4594)1/22/1999 10:30:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
Yes, sadly I remember when he was bullish on intel at 70 and I was bearish as hell -g-

He said at that time that intel would make new highs and nobody nobody nobody believed him -g-

I never believed the guy, but now i'm a believer -g-

The key in this business is not to be tied to one anchor.

Elliott is valid, Prechter's mistake is to interpret elliot on a century long basis, while most people just need to get up and brush their teeth and meet tomorrow. Elliot needs to be based on a shorter term, let the longer term fulfill itself, mistakes in elliot short-term are many times glaring, how can one be certain on longer term outlooks.

Although Granville did not turn bearish at the July top he did say that he put stops on his subscriber list. Î don't have any specifics. I do believe he basically missed calling the July top.