Is that where you go for testosterone replacement therapy?
Seriously, I know that was a pretty unprofessional comment, but so is the garbage spewing from your and Maestro's keyboards. I know some serious CTAs, and none of them would come on ET for a cult following (with no proof of their...
1) I said it was ridiculous to define TF by a single rule or set of rules. It can be done by many systems that adhere to some general principles.
2) I didn't flame Maestro. I asked for his performance numbers since you said "he can back up all of your opinions with cold hard facts." Now...
Uh, a little hard to search when all I know is that he calls himself (humbly enough?) Maestro and has a crazed cult follower on here (who also digs Hershey..).
I'm not "following" Covell or anyone else on here.
BTW, where are the audited performance reports of the software they hawk?
In other words, there's zero proof and no one's willing to trade Hersheynomics in a demo account or produce sanitized live account statements. It's all anecdotal. Thanks for admitting this.
The only objective thing we have is the -26% smackdown ol' Jack suffered back in '02.
No, it's not on his posts here or on his profile. I'm not going to search through nearly 2,000 of his posts to find it. I'll leave that to you Kool-Aid drinkers. Either post it or quit making unsubstantiated claims.
Just curious, is the mantra you said earlier something you recite 100...
You could've said the same thing a year ago. Yes, we had QE2, but employment, GDP, etc., never made any serious improvements. Despite that, you would've gotten killed trying to short the markets after the summer doldrums correction ended.
Most JH discussions stop when something like this is posted (link/source of the quote at the end):
"Here are the facts so far, the only time Jack Hershey has ever gone on record was in 2002 when he lost 26% in a trading contest, he didn't even have the integrity to finish it, he started...
97.89%. Slightly better than the $49 system I got in the mail from George Fontallis years ago.
In addition to following the rules, I buy the sell signals and sell the buy signals. I also reverse the order of the settings in the secret MACD and Stoch settings. Like Fibonacci and Gann, you...
Just don't try to use your "common sense or logic" to trade. You can always come up with reasons (some very rational) why the markets should go down. In fact, you could have a good case against every rally since the tech bubble started and valuations went off the charts in the mid-to-late...
Exactly. When trying to defend really bad state/Fed employees, people sometimes say "well, there are also bad employees and customer service in the private sector." The difference is that I won't be paying that rude McDonald's employee's salary the next 25 years nor his pension/benefits for...
That's possible, but there are a couple of key differences:
1) Athletes aren't funded via taxes
2) Athletes are notoriously bad at handling their finances. Many end up in poverty at the end of their lives. It would be different if they had a big, juicy pension coming after retiring like...
That sounds impressive, but what does that really mean? He could do an atrociously bad job and he'd still get his full retirement. In the worst case, they'd move him to some bogus bureacratic position until he was ready to retire. It's not like they're going to hold him to some high standard...
Long-term bottom, intermediate-bottom, yearly bottom or what?
I think the odds of an intermediate/yearly bottom are pretty good. The seasonality is strong (pre-election year) and we often have a strong Fall rally (long before the Santa rally) when there's a sharp drop in the summer.
If...
I don't get all the fuss. Read about the original turtle traders and other trend-followers. There are multiple trend-following systems and therefore definitions of trends. They use different break-out/ATR levels or other indicators to determine trend. But the basic idea is buy/sell after a...
That's fine. We'll see how it progresses. But according to the old âprice physicsâ siteâs wild projections, you shouldâve doubled your account by now by âreading the market like todayâs newspaper.â
Let the newspaper (tea leaf?) reading begin!