There isn't any point in debating this dozu fellow, from what I can tell he is a long term investor who buys and hold the QQQ. He does not trade, investing is a completely different game.
The odds of changing a stranger's opinion over the internet is smaller than being a successful trader who does not become a long term investor every time he loses.
I'll probably be barred from this thread too (3 & counting) for telling the truth and "abusing" the dozu fellow, so nail the info while its here. If I don't see you again, all the best to you.
Correct about the dozu fellow. Even if he is an LT investor, he is a very very poor one. He is on the same side as the taxi drivers, waiters etc., who are yelling how easy the stock market is they are raking in the profits with eyes closed. All ignoring Warren Buffet's, "be fearful when others are greedy/euphoric". ...... and. The great Bernard Baruch who said, "the main purpose of the stock market is to make fools of as many men as possible". ...... Now look at HISTORY. Has the stock market done so ? Yes, in spades. But this time its different? hahahahahahaha. LOL
This has escaped them all:
SPX daily:
Trend violation #1. lower low lower high
Trend violation. #2. Feb 2018 major low taken out = structural wreckage
Trend violation. #3. Dow Theory, the oldest, most successful methodology SELL signal Dec 2018
Trend violation #4. Death Cross (do NOT use CNBC sma, use ema). Easily shows not only the 5 waves but also the a-b-cs
Trend violation. #5. Monthly trendline from 2009 busted. Goodbye SPX, game over!
Example: Great Depression 1929 - 1932. death cross & golden cross & Dow Theory clear winners with ease. Blew every other methology out the door. Elliotticians if any, could have been working round the clock to figure stuff out. Dow Theory guys were at the beach the whole time enjoying holidays in the Great Depression
