BullBear Trading: Stock and Financial Market Technical Analysis

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.  But since EWI is consistently against the major trends, the markets reassert their dominant trend, EWI doesn’t reverse it’s own call, and EWI followers are left with nothing.

Steven Hochberg and Pete Kendall write the monthly financial reports and do the 3X per week updates. How can they be so consistently wrong?

Prechter writes a monthly ‘Theorist’ letter.  Bizarrely, they all insist that the higher the stock market and bonds and gold and silver go, the more bearish it is.  

Prechter makes bold market forecasts and pronouncements.  However, when the market ploughs through his number, invalidating his view, he doesn’t say he was wrong. Instead, he says he is ‘surprised’.  Or the market’s irrationality and level of sentiment extreme is so historic.

Prechter recently cited a ratio of bull leveraged funds versus bear leveraged funds as a contra sentiment indicator showing, in his view, that stock market investors are at such a sentiment of bullishness it’s actually a very bearish implication.  The particular “indicator” he cites has shown this same exact thing since 2013.  Seven years ago.  How is this an indicator?  Bearish since 2013?

He has declared that the current period’s optimism is the highest in 300 years.  Are there reliable comparative data that go back 300 years to be able to reasonably make that assertion?  If so, he doesn't provide it.

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Comment by bil york on August 4, 2020 at 11:17am

This guy Prechter sounds like he is reading his charts upside down.  LOL.  

Comment by John on July 25, 2020 at 8:47pm

I totally respect what you guys do!

Comment by Steven Vincent on July 25, 2020 at 11:45am

I hope you are having a better experience with BullBear Trading.  I think we are consistently on the right side of the markets here.

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