Post
Topic
Board Speculation
Re: Investor Cycles of Emotion, Ignorance
by
intighet
on 01/10/2014, 06:51:34 UTC
Hindsight is 2020. I am always amused by the conceit people hold by playing Monday Morning Quarterback.

Your accusation is unfounded. Torque's speculation may only be intuitive in hindsight, but the pattern itself is recurrent and consistent through the last three bubble events. The models of consolidation (flag, pennant, etc) are also very predictive of the contours of these large price movements.

The prediction that the $365 bottom will hold seems to have been validated by earlier price action, too.