The Idiot-Maker Rally

Discussion in 'Wall St. News' started by trendy, Oct 22, 2009.

  1. trendy


  2. Awesome! A few high profile idiots look like idiots while an entire country slowly sinks into bankruptcy. There's the tragedy.
  3. Pekelo


    ...and there was science too:

    "Technically speaking, according to NEoWave a correction began at last October's low; the March-June rally is the final leg of that correction. The March-June rally is now ending, allowing the bear market to resume. During the next six months, the S&P will decline 50% or more, breaking well below 500!"

    -- Glenn Neely, founder of NEoWave Institute and prominent Elliott Wave analyst, June 16, 2009
    DJIA: 8504.67

    P.S.: Maybe I could have my own Dragon Institute
  4. actually, the stock market rallied so much that it bankrolled a bunch of tech firms to transplant the brains of ET members so that they think that they are in a perpetual rally forever.

    Stocktrdr lives on and on and on....
  5. Daal


    You might want to have it backtested and post the numbers before asking people to believe on it on faith
  6. Pekelo


    Faith? How about posting it in real time BEFORE things happen?? Oh, but I already did that, correctly predicting last year's and this year's bottom.

    So yes, I want my own Institute!! :)
  7. Daal


    Then please post exactly the rules for your pattern so a quant can test it and see if it works
  8. Pekelo