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I am not a major wave analyst, but I do know a little about the subject:
Toggle Commented Nov 5, 2010 on The Last Bear Hangs In There at Planet Yelnick
Pat and Jack: Yes, I missed the great bear market of 2007-09. On the other hand, my E-mini blog trades during 2008 and 2009, posted in real time, gained 86% and 89% in those two years. So I can be "wrong" and still make a lot of money. How about you? Carl
Toggle Commented Mar 26, 2010 on Exhaustion Gap at Planet Yelnick
I forgot to mention a small piece of supporting evidence. I started trading in 1970. I remember well the 1974 and 1982 low points. It is my opinion that the extent and strength of bearish sentiment in 2008-09 far exceeded that of 1974 or 1982. This is typical of a "wave 2" low point.
Folks: Tony Caldaro ( starting to slide out of the long term bear camp. He has changed his long term Dow count to show a super cycle bear market ending in March 2009 and a new supercycle bull market beginning then. However, he has not yet changed his S&P count. For myself, I have always considered 1974-2000 (or, if you prefer, 1982-2000) to be just the first wave of a larger five wave structure. Then the second wave of this structure I take to have ended in March 2009.
Chris, Yelnick, et. alia: My motto is "often wrong, never in doubt". I did not see the 2007-09 bear market coming. However, I do post real time, S&P e-mini trades on my blog and have done so since the top in 2007. Results: 2008: up 86% 2009: up 89% Not bad for such a poor forecaster, eh? I doubt CXOADVISORY or anyone else here can say the same. Carl
Toggle Commented Feb 14, 2010 on Downhill Racer at Planet Yelnick
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Feb 14, 2010