How many times can it change? They read this site. Vic has brought ET up Before. Previous it was changed to "coming soon" after Monday fiasco selloff. Just now back to Monday again with minor changes? Just come clean is all... I read and like his site in general. im Not an ET basher. Im a damn lurker when bored and market lulls.. I commend his comeback and no fear style. But when you Bash others and self-promote, lets hold your feet to the Fire Vic. Just admit Monday was not the DAY VICTOR...thats it. Its ok to be wrong ... Its not that bad. We are traders. Maybe just 2 days early, maybe not. But why change his writings, twice? after fact. Vic respond? Your guys read this site. Waiting... Its ok to predict , its ok to be wrong or early. This is my point.... -And for the record in Elite history, a quote from the original article "Briefly Speaking, by Victor Niederhoffer", which appeared on the 11-Jun-2006 on DailySpeculations.com "Eventually this decline will pass. I'll go on record with a prediction -- supported by the statistics on the table -- of what happens to stocks the next few days after five declines in a row, and what happens to them when bonds close at a maximum and stocks at a minimum. The prediction: the rise will start Monday." This was later changed to: "Eventually this decline will pass. And statistics on the table -- of what happens to stocks the next few days after five declines in a row, and what happens to them when bonds close at a maximum and stocks at a minimum -- suggest a rise is coming on Monday." Now, you know what the fuss is all about. A childish attempt to erase a foolish and simplistic interpretation of the theory of runs, suported with voodoo correlation by the speculator.
A guy predicting a market move and supporting his prediction by saying statistics say so. A guy who changes his prediction after the he is proven wrong. Next thing you know VN will be in Vegas telling us the next spin must turn up black because we had five reds in a row.
oh please, you just had to chime in with the others did'nt you. Wondering whats up with all these victor haters......did you all lose money in his previous fund? personally I like the fellows anti-establishment antics. Nothing like roughing up the tired old suits and his website is probably one of the better reading material around for the slow times during the day. If some of the prior posts here as regards his recent losses are true, he sure needs to get some risk management going asap. Last thing he wants is the tired old suits having the last laugh at his expense.
I am sorry that I have a problem when somebody makes a prediction then changes it afterwords because it does not work out. Especially when that person claims to be outing all the "hucksters" in the investment world with a holier than thou attitude. Didn't he just sink down to the "hucksters" level by his actions. Do you respect this type of behavior?
yeah I get the point. You have to understand he's suffering from trader dementia at the moment.......a disease that afflicts traders undergoing heavy losses.
"A good trader must have a personality that is always honest with himself?" http://www.elitetrader.com/vb/showthread.php?threadid=71024
I await with baited breath to see if any of the Niederhoffer bashers has the courage to make a single market call. Well? What's the S&P going to do today and why? And kindly support your view with some stats. And oh yes, would any of you care to post their track record to see how it compares with his? I hypothesise that if you were any good you wouldn't feel the need to attack him, you'd be too focussed on your own game.