E-waves, Bob Pretcher, Raptor

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Old Mar 3, 2003, 3:59pm   #1
 
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E-waves, Bob Pretcher, Raptor

As a contraindicator, I have rarely seen better. I guess Elliott Wave theorists will say it is the inability of the author rather than the un-flappable wave theory. Much like it is the inability of my physique to carry, by hand, the eiffel tower from paris to london. No it can be done it's just that I'm too weak. On this basis anything can be presented as fact, your pigs can't fly cuz you haven't taught them the right way - naughty little boy. And hey how come we aren't all running around doing David Blaine type tricks or reading minds a-la Derren Brown. And how about Super, Super Bob, Super Super Bob, Super Super Bob, Super Bobbie Pretcher. I nose how they all make a sing-and dance about his correct predictions, but the fact was he missed the biggest bull market in history?!?!?! Bobbie Pretcher and Raptor are the Elliott Wave gurus of our time - the best of the best - and yet they make fundamental, basic and humungous errors as these. What chance does it give the rest of us??

Elliot Wave analysis just does not work!!!! Their followers have been as brainwashed as the Al-Qaeda mob and arguably they are more dangerous - muwahahhahaahaah.

Lots of Love

Lord
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Old Jun 13, 2009, 4:42pm   #2
 
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Old Jan 27, 2010, 3:39am   #3
 
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Re: E-waves, Bob Pretcher, Raptor

I hate to bust your bubble, but Bob predicted the greatest bull market in history in the 70's. And every market turn since. You must educate yourself properly. But as it is, it is ok for everyone to have their own opinion. When the DOW goes below 4000, then hail to the king baby, and remember that He has already predicted it first, back in 1999. If it never does, then I have egg on my face.
Regards

Quote:
Originally Posted by LORD JAMLA View Post
As a contraindicator, I have rarely seen better. I guess Elliott Wave theorists will say it is the inability of the author rather than the un-flappable wave theory. Much like it is the inability of my physique to carry, by hand, the eiffel tower from paris to london. No it can be done it's just that I'm too weak. On this basis anything can be presented as fact, your pigs can't fly cuz you haven't taught them the right way - naughty little boy. And hey how come we aren't all running around doing David Blaine type tricks or reading minds a-la Derren Brown. And how about Super, Super Bob, Super Super Bob, Super Super Bob, Super Bobbie Pretcher. I nose how they all make a sing-and dance about his correct predictions, but the fact was he missed the biggest bull market in history?!?!?! Bobbie Pretcher and Raptor are the Elliott Wave gurus of our time - the best of the best - and yet they make fundamental, basic and humungous errors as these. What chance does it give the rest of us??

Elliot Wave analysis just does not work!!!! Their followers have been as brainwashed as the Al-Qaeda mob and arguably they are more dangerous - muwahahhahaahaah.

Lots of Love

Lord
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Old Jan 27, 2010, 4:30am   #4
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Re: E-waves, Bob Pretcher, Raptor

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When the DOW goes below 4000, then hail to the king baby, and remember that He has already predicted it first, back in 1999.
Regards
Maybe in the long run. Maybe not. The problem is in the long we may well be dead. Prediction has no utility without a time frame, and in trading it also has no use without some indication of what might happen in the interim.
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Old Jan 27, 2010, 4:41am   #5
 
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Re: E-waves, Bob Pretcher, Raptor

Hmmmmm......Have you read his book "Conquer the Crash"? The Elliott Wave Principle? The Elliott Wave Theorist, The Elliott Wave Financial Forcast? Anything that Robert Prechter has written, or Elliott Wave International has put out?


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Maybe in the long run. Maybe not. The problem is in the long we may well be dead. Prediction has no utility without a time frame, and in trading it also has no use without some indication of what might happen in the interim.
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"If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away." Elliott Wave, Intl.

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Old Jan 27, 2010, 5:02am   #6
 
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Re: E-waves, Bob Pretcher, Raptor

By Plunging 500-Plus Points, The Dow Fulfilled Its Near-Term Script
How the VIX saw it coming
By Nico Isaac
Mon, 25 Jan 2010 17:30:00 ET Email | Print | RSS Feeds Generated by Elliott Wave International RSS | My Updates
Bookmark and share It!

To paraphrase a famous expression: The only thing stock market bulls have to fear is the complete and total lack of fear itself.
Beyond that, there is an accurate way to quantify the collective level of fear (or lack of fear, for that matter) among market participants: it's called the CBOE Volatility Index (VIX). A rising VIX indicates increasing pessimism; a falling VIX signals mounting optimism.
The VIX reading was one of the indicators that led EWI analysts to publish a bullish outlook for stocks in the period from March-June of 2009, in our Elliott Wave Financial Forecast publications. In March, with U.S. stocks circling the drain of a 12-year abyss, we anticipated a powerful rally that would bring the Dow Industrials to the 10,000 level at minimum, with an accompanying surge in positive sentiment readings.
Here, the June 2009 Financial Forecast brought the bullish picture to life and wrote:
"Our best assessment is that the next [peak] should coincide with an optimism toward stocks that rivals that which was registered near the October 2007 peak. After surging to an all-time high of 89.53 in October... the VIX has been dropping, reflecting a lessening fear of falling stock prices. Odds are that the VIX will fall into the low 20's or possibly even into the teens prior the end of the rally."
A dazzling, ten-month rally to new recovery highs later, and the VIX script had been fulfilled: As the following close-up from the January 2010 Financial Forecast reveals, the volatility index had indeed fallen to the "teens" area cited in the June 2009 issue.
Just as a historically high VIX reading in late 2008-early 2009 signaled a fully saturated pessimism and therefore an approaching bottom in stocks -- a steeply falling VIX reading now exposes a near absence of fear.
In time, the Elliott wave structure, momentum indicators, and Fibonacci time cycles joined the VIX to tip the scales in favor of a downturn. Here, the January 13 Short Term Update stepped up to the plate with this commanding insight:
"The larger and stronger the trend, the better the signal... With respect to the VIX, [the current 16.86 reading is commensurate with] a peak. The odds increase that a "VIX" sell now will lead to a decline that is more than just a few percentage points. This means a trend reversal is fast approaching. A potential stopping range is 10,725-10,740. Once complete, prices swiftly retrace to near its origin, which in this case is 10,263.90 on December 18."
The 500-plus point crash in the Dow that followed speaks to the value of a well-developed technical picture.
As EWI's president Robert Prechter reminds subscribers yet again in his current Elliott Wave Theorist, "... market analysis is still, and always will be, probabilistic." What helps you limit those probabilities are Elliott wave structure, sentiment, momentum, time cycles and confirming price action -- often, with great results.
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Always bear in mind that your own resolution to success is more important than any other one thing. Abraham Lincoln

"If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away." Elliott Wave, Intl.
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