counter_violent
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Bigbusiness said:How many people have called for a crash over the past few years? I have seen lots. One of them was bound to get close one day. Bid-A-Tool came close but I don't think a 300 point move in the wrong direction after his first call for a crash is good enough.
The recent move hardly shows on a long term chart, so it might be a bit early to compare this to previous market crashes.
counter_violent said:Given that batty was ADAMANT that a crash of sorts was on the way ( personally I'm happy to give some leeway on his timing issues) what do the members now think in relation to the markets levels currently ?... No signs of a let up in these falls yet neither.
We are 4 weeks on and nobody has said a word.
What do you imagine he based his predictions on?
Does anyone know the truth of what he used?
Was anyone given SPECIFIC info etc to evaluate?
We all know he went about things in the wrong manner, but lets put all that on one side.
This isn't about all our methodologies to arrive at the same conclusions or heaven forbid anyone thinking long etc....
What made him so sure ( to the point of busting a gut ) and has he now been proven to be correct.
Lucky Fluke maybe? It's possible but not probable.
C V
http://www.trade2win.com/boards/showthread.php?t=19358&page=1&pp=10
rols said:I can see how cults start. Why the desperate need to find the new Messiah for traders?
Who is looking to find a new Messiah I was just asking some simple questions.
The guy predicted Armageddon and so far we've had a bit of drizzle. The markets have been suffering a bit of bloat and it's the sell in May usual stuff - not the end of the world!
According to this logic the sell off is over right ?
He has not been proven correct in his doomsday prediction what-so-ever. End of...
counter_violent said:Just for info ....all markets have been correcting quite heavily....FTSE eg in 7 days has lost the last 6 months gains.!
CV
TheBramble said:CV - you're an intelligent chap. So I can't believe you're asking these questions seriously.
A cursory review (and I'm not going anywhere near it as the memory is still WAY too fresh) of that thread will quite conclusively illustrate BAT was barking. There was no prediction. He changed his mind as easily as his posts. There was no system. He changed what few rules he started out with on a whim and then asked us to help him work out what the rules might be. No problem with a collaborative effort, but he came into the site with his gift to trading humanity.
He then tried to pump and sell his 'system' to members. Several times under different reincarnations. Erm, haven't we seen this before and is this the profile of someone who has really got something worth buying? Is there every anything actually worth buying? Separate issue....
Really, the whole BAT thing was one complete mess and it's fantastic value for money to see how many (self included) couldn't resist jumping in.
It was a bit of fun. Makes no difference whether the market dumps, flats or rises: BAT called nothing at all in terms of time frames. Without that, you're going to be right every time - eventually.
counter_violent said:Given that batty was ADAMANT that a crash of sorts was on the way ( personally I'm happy to give some leeway on his timing issues) what do the members now think in relation to the markets levels currently ?... No signs of a let up in these falls yet neither.
We are 4 weeks on and nobody has said a word.
.....
http://www.trade2win.com/boards/showthread.php?t=19358&page=1&pp=10
Bigbusiness said:How many people have called for a crash over the past few years? I have seen lots. One of them was bound to get close one day. Bid-A-Tool came close but I don't think a 300 point move in the wrong direction after his first call for a crash is good enough.
The recent move hardly shows on a long term chart, so it might be a bit early to compare this to previous market crashes.
chump said:FX,
..still have not figured out how to photocopy something this big
fxmarkets said:Cheers Chump for sharing your insight, your last line
"Last ,but not least all prior major markets slumps have been associated with currency crises."
punctuates the vision of it playing out that way.
Perhaps we need to make space for this one ....