Yes, they are on the ED Bandwagon.
And they feel even stronger than ever looking for the end of the world because the bullish sentiment has now finally risen to the highest levels in quite some time.
There are two blogs that I have read lately that are BOTH calling for the beginning of P3 ( or at the very least, a "B" wave decline ) and have been anticipating a major TOP for the last two weeks.
One of the blogs is filled with comments from some of the most idiotic and naive posters that I have ever seen.... people that believe that Goldman Sachs and Obama are in bed with each other and have been "manipulating" the markets higher for weeks on end.
So many "conspiracy" theories, it makes you wonder if these people actually TRADE for a living or have ever pulled the trigger and traded off of technicals.
So many noobs out there that want to find the Holy Grail of Trading without having a clue what they are doing; and then they get terribly upset and demoralized when they (and all of the various alt counts at Hochberg and EWT) are thrown out the window as Mr. Market proves them wrong, wrong, wrong...
The actual owners of the blogs are very tenacious and do a lot of hard work. It's just that many of the "followers" of the blog that post are so wrapped up in blaming their poor trading ability (and losses) on market manipulation and the latest "conspiracy" theory that it really detracts from what is ACTUALLY going on in the market.
And when that happens and you lose money from being short, you then BLAME it all on GS and the conspiracy theory of the week, month, year, etc.
After all, how else could the market have rallied from 666 to over 1000 while the Economy continued to deteriorate???
And they feel even stronger than ever looking for the end of the world because the bullish sentiment has now finally risen to the highest levels in quite some time.
There are two blogs that I have read lately that are BOTH calling for the beginning of P3 ( or at the very least, a "B" wave decline ) and have been anticipating a major TOP for the last two weeks.
One of the blogs is filled with comments from some of the most idiotic and naive posters that I have ever seen.... people that believe that Goldman Sachs and Obama are in bed with each other and have been "manipulating" the markets higher for weeks on end.
So many "conspiracy" theories, it makes you wonder if these people actually TRADE for a living or have ever pulled the trigger and traded off of technicals.
So many noobs out there that want to find the Holy Grail of Trading without having a clue what they are doing; and then they get terribly upset and demoralized when they (and all of the various alt counts at Hochberg and EWT) are thrown out the window as Mr. Market proves them wrong, wrong, wrong...
The actual owners of the blogs are very tenacious and do a lot of hard work. It's just that many of the "followers" of the blog that post are so wrapped up in blaming their poor trading ability (and losses) on market manipulation and the latest "conspiracy" theory that it really detracts from what is ACTUALLY going on in the market.
And when that happens and you lose money from being short, you then BLAME it all on GS and the conspiracy theory of the week, month, year, etc.
After all, how else could the market have rallied from 666 to over 1000 while the Economy continued to deteriorate???
