BullBear Trading: Stock and Financial Market Technical Analysis

John
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  • Los Angeles,CA
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John posted a blog post

Contrary indicator

Is it a concern when a long term super bear all of a sudden begins calling for new highs?  Even when those new highs are part of coming ‘Armageddon’?  Because EWT is now calling for that!Hochberg is now calling for new highs (of course, the odds favor that outcome.  The market is in an historic bull advance).  But for about 10 months straight, in the face of the major bull market advance, they have said ‘stock market major drop is dead ahead’ ...and now after persistent stock market new highs,…See More
18 hours ago
Sandeep Kumar liked John's blog post Elliott Wave International: Short and simple
Dec 2, 2020
John posted a blog post

Elliott Wave International: Short and simple

Elliott Wave International: Short and simpleI am not sure they fully understand that for most people, the purpose of the markets is, quite simply, to make money. An indication they might not share your goal (or any trader/investor’s goal) is they never provide practical guidance for trades.For them, it seems that the more arcane the analysis the better. That seems their purpose. Not making money.  In fact, they apparently are so disinterested in making money, entry and exit and stop points are…See More
Nov 30, 2020
John posted a blog post

Eleven hours

Robert Prechter/Steven Hochberg write a market update Monday, Wednesday, Friday.The US stock market is open 6.5 hours per day, so they ‘update’ three times in a 33 stock market hours week, every week.  Or approximately every 11 hours.From March 2020 to November 2020 occurred one of the strongest bull market advances in the US stock market in decades.  It was a highly persistent, continual, historic advance.(by the way, their advice, their updates, are not free).How many times in those every 11…See More
Nov 23, 2020
Sandeep Kumar liked John's blog post EWI and Steven Hochberg and market history
Nov 22, 2020
Sandeep Kumar liked John's blog post Criticism of Prechter and Hochberg
Nov 22, 2020
Sandeep Kumar liked John's blog post get every single market’s major trend wrong consistently
Nov 22, 2020
John posted a blog post

GURU of the decade

Robert Prechter was named guru of the decade by FNN (the CNBC forerunner) in about 1989.  Prechter made excellent market calls from the late 1970’s through 1987.  Since then, he has been consistently wrong. Wrong for over 30 years (3 decades!).  Not just wrong on the stock market, passionately wrong.  Now, there have been 4 very significant bear markets from 1988 onward, and because Prechter = bearish, he was bearish in front of them.  But he has been bearish for over 30 years, and missed all…See More
Nov 11, 2020
bil york commented on the blog post 'get every single market’s major trend wrong consistently'
"This guy Prechter sounds like he is reading his charts upside down.  LOL.  "
Aug 4, 2020
John posted a blog post

Criticism of Prechter and Hochberg

When the Elliott Wave Theorist (subscription service, pay to get your advice) issues a market opinion, I imagine Jimmy Cagney holding a machine gun at your head saying "you dirty rat".  Then firing dozens of bullets. Why this imagery and comparison?  Imagine you want to kill someone financially (and demoralize them too!).  How would you do it? Well,, the way they do it is a pretty good model.  Make very strong impassioned arguments against the large trend in force so that people bet against the…See More
Jul 31, 2020
John commented on the blog post 'get every single market’s major trend wrong consistently'
"I totally respect what you guys do!"
Jul 25, 2020
Steven Vincent commented on the blog post 'get every single market’s major trend wrong consistently'
"I hope you are having a better experience with BullBear Trading.  I think we are consistently on the right side of the markets here."
Jul 25, 2020
Steven Vincent liked John's blog post get every single market’s major trend wrong consistently
Jul 25, 2020
John posted a blog post

get every single market’s major trend wrong consistently

Robert Prechter and EWI are in the business of providing market forecasts in exchange for subscription fees.  The main markets they seem to cover are the stock markets, interest rates, precious metals, and the US Dollar.Amazingly, they manage to get every single market’s major trend wrong consistently.Wrong on the stock markets, bonds, gold, silver, the US Dollar.Over the past 12 years, they have gotten sporadic moments of seeming being right, such as when a market has a counter-trend move. …See More
Jul 25, 2020
John posted a blog post

EWI and Steven Hochberg and market history

The service is called SHORT-TERM UPDATE (updated 3 X per week).EWI and Hochberg have missed every important stock market rally and precious metals rally in the past 5-6 months (as of July 2020).  Actually, it is much worse than that, they have actively been on the wrong side, meaning they have been extremely bearish during these trends.Comments such as 'it's time for gold to top', and similar comments like that, are understandable in people just discovering technical analysis.  Following these…See More
Jul 22, 2020
John commented on the blog post 'Hochberg - helpful for what not to do'
"Richard, Yes, EWT, and Steven Hochberg, are dangerous and poor at their work.  Because they operate with such (very misplaced) confidence and sell their service to people who are trying to learn, they can easily be convincing.…"
Jul 18, 2020

Profile Information

What's your current long term market stance?
Neutral
What's your current intermediate term market stance?
Neutral
What's your current short term market stance?
Neutral
What is your style of investing? (You can choose more than one.)
Swing Trader
In which markets do you trade or invest?
Stocks, Forex, Commodities, Precious Metals
How long have you been trading or investing?
5-10 years
Describe your level of market experience.
I'm learning but still losing money
Have you read "Reminiscences of a Stock Market Operator?"
Yes
How did you find TheBullBear.com?
MarketWatch.com

John's Blog

Contrary indicator

Posted on January 21, 2021 at 7:03am 0 Comments

Is it a concern when a long term super bear all of a sudden begins calling for new highs?  Even when those new highs are part of coming ‘Armageddon’?  Because EWT is now calling for that!

Hochberg is now calling for new highs (of course, the odds favor that outcome.  The market is in an historic bull advance).  

But for about 10 months straight, in the face…

Continue

Elliott Wave International: Short and simple

Posted on November 30, 2020 at 7:47pm 0 Comments

Elliott Wave International: Short and simple

I am not sure they fully understand that for most people, the purpose of the markets is, quite simply, to make money. An indication they might not share your goal (or any trader/investor’s goal) is they never provide practical guidance for trades.

For them, it seems that the more arcane the analysis the better. That seems their purpose. Not making money.  In fact, they apparently are so disinterested in making money,…

Continue

Eleven hours

Posted on November 19, 2020 at 7:00am 0 Comments

Robert Prechter/Steven Hochberg write a market update Monday, Wednesday, Friday.

The US stock market is open 6.5 hours per day, so they ‘update’ three times in a 33 stock market hours week, every week.  Or approximately every 11 hours.

From March 2020 to November 2020 occurred one of the strongest bull market advances in the US stock market in decades.  It was a highly persistent,…

Continue

GURU of the decade

Posted on November 11, 2020 at 6:51am 0 Comments

Robert Prechter was named guru of the decade by FNN (the CNBC forerunner) in about 1989.  Prechter made excellent market calls from the late 1970’s through 1987.  

Since then, he has been consistently wrong. Wrong for over 30 years (3 decades!).  Not just wrong on the stock market, passionately wrong.  Now, there have been 4 very significant bear markets from 1988 onward, and because Prechter = bearish, he was bearish in front of them.  But he has been bearish for over 30…

Continue

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