The Idiot-Maker Rally

trendy · Oct 22, 2009

For all those who love to see the financial gurus get their comeuppance:

http://www.businessinsider.com/the-...0#nouriel-roubini-how-low-can-the-market-go-1

Norman_Shey · Oct 22, 2009

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

Pekelo · Oct 22, 2009

...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

psytrade · Oct 22, 2009

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....

Daal · Oct 23, 2009

Quote from Pekelo:

P.S.: Maybe I could have my own Dragon Institute

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

Wayne Gibbous · Oct 23, 2009

Quote from trendy:

For all those who love to see the financial gurus get their comeuppance:

http://www.businessinsider.com/the-...0#nouriel-roubini-how-low-can-the-market-go-1

Heh. Pretty funny...but Cody Willard was an idiot WAY before the rally!

Pekelo · Oct 23, 2009

Quote from Daal:

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

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!!

Daal · Oct 23, 2009

Quote from 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!!

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

Pekelo · Oct 23, 2009

Quote from Daal:

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

Dude, where have you been? The thread is called Dragon pattern and has been going on for 8 months...

Here, I will do it for ya:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=154290&highlight=dragon+pattern