John Male Los Angeles,CA United States: Like

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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

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

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John commented on the blog post 'get every single market’s major trend wrong consistently'

"I totally respect what you guys do!"

Jul 25

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

Steven Vincent liked John's blog post get every single market’s major trend wrong consistently

Jul 25

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

3 Comments 1 Like

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

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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

richard bloch commented on the blog post 'Hochberg - helpful for what not to do'

"i must admit i was a member @elliotwave.com for many years...and they played into my bearishness...and i lost money because of their insistent dogmatism.because i followed their advice."

Jul 16

John posted a blog post

Hochberg - helpful for what not to do

Steve Hochberg at Elliott Wave Int'l is really a useful lesson in how NOT to approach (or trade) markets. Here is what I mean. He and the service (Short Term Update & their monthly report) are extremely bearish, and that has been true for nearly ever, and especially from the March 2020 lows. He has been harping on sentiment indicators for months (almost from the lows in late March 2020 too, amazingly!!). Somehow a VIX > 80 , put/call ratios and AAII survey at bearish sentiment…See More

Jul 15

2 Comments 0 Likes

John posted a blog post

Amateur

It is remarkable the disrespect the Elliott Wave Theorist’s Steven Hochberg shows to the markets (and by extension his clients). Gold has been in bull markets for many months (4 + years) and they (EWT and Hochberg) have been bearish for a good % of gold’s price advance. Accompanied by a high degree of confidence. Sometimes after gold rises above Hochber’s previously identified ‘The High’ or (the 5th of the 5th (etc), destroying his analysis, he will then say ‘we wait patiently’, which, I must…See More

Jul 9

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Steven Vincent commented on the blog post 'EWI - a trader's perspective'

"Thanks John. We learn from negative examples perhaps more than positive. "

Jun 19

John commented on the blog post 'EWI - a trader's perspective'

"Hi Stephen, Thank you for the detailed analysis you have done regarding his many calls over many years for ’the top’ and doom. Yes, Prechter left the bounds of rational analysis long ago. As we might agree, being wrong is normal,…"

Jun 19

Steven Vincent commented on the blog post 'EWI - a trader's perspective'

"Hi John. Sounds like you are one of the many that have been burned by the chicanery of Robert Prechter. Like many, I learned about Elliott Wave via Prechter and intuitively saw that RN Elliott was on to something real and useful, and…"

Jun 17

Steven Vincent liked John's blog post EWI - a trader's perspective

Jun 17

John updated their profile

Jun 16

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

Criticism of Prechter and Hochberg

Posted on July 30, 2020 at 5:00pm 0 Comments 0 Likes

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…

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