Remember that Gertrude called a bullmarket on July 25, 2010 as documented here and on CNBC. For his subscribers' sake I hope he's right; heck at $500/month and god knows how much more each one pays for private consultations, one would expect his calls to be near-perfect. Just keeping tabs on the experts who called against me
Professor Bassetti went bulllish on August 2, 2010 and went LONG Aug 3 taking all his subscribers with him. Professor Charles Bassetti, former student of John Magee, now the author/editor of the bible of TA, the sole technical analysis book in my possession (the rest of the pile, I got rid of), a man with 40+ years experience in the markets, excellent credentials, sharp as a whip, my teacher, even took the time to answer my emails back and forth (god bless him , charges everyone else $750/min.(??) for a market consultation ..... and if BEAR nails even him .... that's not a happy day for me personally. Its very difficult to beat the Prof., ..... I have the utmost respect for this TA practitioner of supreme skill. He shuns elliottwave totally and scoffs at fibonacci. Hey, that's totally OK with me. so this is another one I want to keep tabs on .....
One very disheartening thing about the venerable Professor is that his most recent posting right after the August 11, 2010 crash shocked me. why? Because he's blabbering about fundamental analysis when he ought to know better. BEAR can do that to a person, even one of a high skill level like the Prof. Here then is his most recent posting ..... "It is obvious that the market has not yet settled down. We think that it is expressing strong, if not paranoic doubts about the ability of the Congress to avoid a double dip recession. And considering the competence (and courage (lack of)) of that venerable institution we can well understand its neurosis. Robert Shiller has joined Paul Krugman and ourselves in stating that there are strong possibilities of a double dip recession unless jobs are created. Meanwhile, Congress worries about the deficit. One wonders why they didnât worry about it when they were spending a trillion dollars in Iraq. Oh. Forgot. That was off budget"
Exactly!!! Its not supposed to make sense!! Nothing about the HERD is supposed to make sense or compute or be rational!! The HERD is totally reactive. Forsee the slaughter? From paras 1 and 2, therefore they can't forsee doodly. HERD formula: Prescience = Zero Don't you guys get it? ... This is the reason TA works. PRICE = Herd's footprint. And you guys are so lucky. If you want to learn about the HERD, I mean seriously learn, heck, just look around you at ET. You're surrounded by HERD members from antediluvian days. Their forefathers were the ones who got fcked in the 1720 crash and then in the Great Depression too. They never learn from their mistakes. They just keep repeating them over and over again. Hence the famous TA axiom, "the same old technical patterns, over and over again" And now BEAR has thrown a new curveball - the black man in Washington.
and you got fcked as only I noo you would. Now its totally clear to me you're nothing but a scammer and jammer. I won't be asking you to post your entries etc. no more. Tony Robbins says one should run the other way when one sees a scammer, a stupid person , a negative person etc., ... me, I don't run, I just drop-kick the pricks out the fckin window. Adios! And you've demonstrated repeatedly such massive stupidity .... just one example is that after the DEATH CROSS, a technical feature, you then go on to negate it by invoking fundamental analysis. You, chief, are the dumbest bounty hunter I've seen at ET. Have a nice day
You got fcked too. And what's worse, just one day before the top. I thought that at least you showed signs of wanting to be a lion, but had landed in the HERD by some genetic warp. But now it turns out you're at best the first HERD member to jump into the Mara river AND THEN the rest of the gang follows. A leader amongst the HERD, yes, but still a HERD member. A lion is a totally distant realm for you. Sorry! I liked you from day 1 and still do, my friend. God bless you, and happy profits in forex trading.
I have heard. You're the gray rider who wouldn't make peace with the experts. You and only you, sir, may go in peace! Paint the sign of the "technician" on your lodge so that in the winter when I travel south I'll see it and know you're not foe.
I will be gentle with you, sir. The problem with ET, i.e. 3-5minute timeframe traders is that its akin to .... missing the forest for the trees. the worst thing about oral sex is the view! they see just one pubic hair, even the vulva at that close range appears to be as large as a Volkswagon hood, albeit bushless. They don't bother to just raise their head a little so they can see the face/eyes of the recipient of their largesse. Had they done so they'd see the larger view ...