BullBear Trading: Stock and Financial Market Technical Analysis

John
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Pathetic and charlatans

Started this discussion. Last reply by John Apr 2. 4 Replies

Anyone reading EWT and Prechter and Hochberg?Prechter hides behind one good commodity (but impossible to use ) call 13 years ago or so in 2008, and now makes another shoot for the moon commodity call…Continue

Tags: Hochberg, Prechter, EWT

 

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John replied to the discussion 'Pathetic and charlatans'
"I was also thinking, apart from their EW analysis (or bastardized version of it), they commit other trading large mistakes.  They consistently fail to place stop points.  They mainly only rely on one analytic area, sentiment. Which they…"
Apr 2
Steven Vincent replied to the discussion 'Pathetic and charlatans'
"Thank you sir"
Apr 1
John replied to the discussion 'Pathetic and charlatans'
"Ok, so you think EW is a useful approach. I respect that approach and the way you describe it. Holy scripture sure is hard to argue with."
Apr 1
Steven Vincent replied to the discussion 'Pathetic and charlatans'
"I think I make really good use out of Elliott Wave because I use it as part of a total package and I use it objectively.  Prechter makes his rules into holy scripture that can never be questioned.  A good analyst will always maintain a…"
Apr 1
JOHN DVORAK liked John's discussion Pathetic and charlatans
Mar 30
John posted a discussion

Pathetic and charlatans

Anyone reading EWT and Prechter and Hochberg?Prechter hides behind one good commodity (but impossible to use ) call 13 years ago or so in 2008, and now makes another shoot for the moon commodity call many years out.  So you’ll never know if he was correct, but you will need to trade many times before then. So he doesn’t matter.Useless.Hochberg, who has fought (stupidly) an extremely powerful bull market in stocks for 13 months, wait, for 13 years, wait...even longer than that, now points out…See More
Mar 27
James G. Pomeroy liked John's blog post Contrary indicator
Feb 12
John commented on the blog post 'Contrary indicator'
"Regardless of whether a new Stock market high is hit, they (EWT) remain hilarious."
Jan 23
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
Jan 21
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

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 1 Comment

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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