Market Outlook

Quote from GrandSupercycle:

March 12, 2012
THIS EXCELLENT CALL AND INSIGHTFUL CHART RECORDED FOR POSTERITY. . .
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And several weeks and many, many points lower please be advised that much earlier in this thread I called for a target of 1370. Tell the entire story. Including yourself wearing this market for 32 points and several percentage points in your face since you started calling a "top".
 
Quote from GrandSupercycle:

THE BEAR MARKET HAS RESUMED.
S&P500 weekly chart Feb 18

<strong><a href="http://stockmarket618.files.wordpress.com/2012/02/2012-02-18_sp500_wk3.png">THIS SHOULD BE THE S&amp;P500 TOP</a></strong>
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Only a mad man would call the market since 2009 to be a "BEAR MARKET". Its been a textbook bull market for three years.
 
Another bit of Grand's problems come from relying purely on technical analysis with zero backtesting just to see if a "megaphone wedge" is a predictive price pattern, because it's not.

Every TA chart pattern can be coded, but was found unprofitable at wl4.wealth-lab.com where nearly every possible combination in 700+ systems is written and can be backtested.
 
SPX 1400 tomorrow,
1420 by friday.

1475 by the end of March
Historical highs in April
1600 by May
a little dip in June to 1592 then a surge in July to 1678
1750 by September
1825 by October
1950 by November
by the end of 2012
2,000


Just buy, there is ZERO risk in stocks ZERO!!!!!


2,000 by the end of 2012 and Im bearish haha
 
Quote from bwolinsky:

Another bit of Grand's problems come from relying purely on technical analysis with zero backtesting just to see if a "megaphone wedge" is a predictive price pattern, because it's not.

Every TA chart pattern can be coded, but was found unprofitable at wl4.wealth-lab.com where nearly every possible combination in 700+ systems is written and can be backtested.
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ATTENTION: THE TOP IS IN,....I AM PROCLAIMING HERE AN NOW THE TOP IS IN...........


THE FUTURE. WAAY IN THE FUTURE!!!:D :p :D :p

LOL....seriously how much has the Unicycle lost on his BS call of the top many points ago. I think he has ben calling it this entire rally.

I will defend TA here bwolinsky. I use 98% TA and 2% fundamental analysis. Sometimes I dont even have time to watch the news to know what happened. So TA can be used effectively and it is all in the interpretation of it. Gauges on an airplane are useless if you dont know how to read them. However, if you understand them you know when one gauge is misleading you and you can still fly straight. The Unicycle clearly puts too much emphasis on certain things and I suspect he will continue to "add to shorts" all the way up this BULL Market....and keep handing out his money to those of us that are bulls.

N54_Fan
 
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