Quote from: gentlemand on August 11, 2018, 09:52:31 PM

Quote from: AR_fan on August 10, 2018, 07:23:03 PM

he's been wrong on all his predictions lately, i wont be surprised if we break 6000 and go towards 5K before rebounding a little and then slowly crash towards 2600

didnt see your edit, yeah too optimistic for me too, the get quick rich people and all the retail investors have to be burned before we switch to a bull market, now the market is just exhausting their nerves, we havent entered the despair phase where they are wondering if it will ever come back up again

Aye. I'm interested in what he has to say but I think his magic touch has wafted away for now. We still haven't reached the truly sweat inducing price, let alone the indifference phase. It depends on whether this is a lull that picks up towards the end of the year or a continued descent.

he's still been pretty solid on the bigger picture. i think he (rightfully) has become less and less precise because this market trades much choppier than in the old days---it's super algo-heavy now. it's simply less predictable than it used to be. so as a trader, i fade less and less, and i ride trends more and more.

we got a nice short squeeze today off $6k. hopefully a sign that he's right about $6k being on the low end of an accumulation range.