Comments on: Q&A With Prechter: Technical vs. Fundamental Analysis

by: JD

Wed, 07 Oct 2009 14:37:50 +0000

In the late 90s, there were talks about one day every Chinese and East Indians will have PC, TV, etc and that would mean a boom to US tech companies. Well the Nasdaq went from 5000 to 1100 in the following decades while China now has 200 millions consuming middle class citizen. Bears bears bears can only be right on for so long, eventually logic will prevail. Who will be right, the chart reader of this upcoming tsunami of consumerism.

Reference to Hulbert definitely make sense here. Thank you for the quotes. Before internet, you almost had to take what you read or saw for granted, thanks to comments like these to bring to light the mass media ‘’ brumbergg'’ BS.

by: Vin

Wed, 07 Oct 2009 14:09:30 +0000

Key is USD. I don’t understand why Prechter thinks dollar will strengthen when the printing presses are planned to run overtime for forseeable future.

by: Mike

Tue, 06 Oct 2009 13:27:06 +0000

One does not need EW. EWavers are wrong all the time. If something does not work the way they say it would….they just excuse it by saying on instead of that cound it was really this count,,etc. This makes it of questionable value. Why beat your brains in trying to guess what is going on.

by: wayne

Tue, 06 Oct 2009 13:03:02 +0000

I read Prechter’s first book some 20 years ago. It was my impression that EW left a great deal to the interpreter’s imagination.

I am of the opinion that successful newsletter writing is as much about marketing as it is about substance. To generate a large newsletter following, it is very beneficial to have a unique angle from which to position your comments that distinguishes you from the crowd. Similar to writing a hit song, you need a hook that catches the audiences imagination. If you research Robert, you will see that he has a degree in Psychology.

by: RideTheWave

Tue, 06 Oct 2009 04:46:25 +0000

who cares,

just citing Hulbert does not mean you are right. Please provide actually link or documentation from Hulbert.

EW has its up and down. Those who has trained and went thru lots of painful experience will learn that EW is just as good of many other trading methods.

there are many methodologies out there, everyone has to find your own.

by: who cares

Tue, 06 Oct 2009 03:38:59 +0000

ok i take it all back then

what a genius!

by: Babak

Tue, 06 Oct 2009 03:23:27 +0000

maybe because he caught the +50% move off the spring lows? watch the video

by: who cares

Tue, 06 Oct 2009 03:20:27 +0000

prechter sucks, why do you give a crap about him?

“Newsletter tracker Mark Hulbert has been documenting Prechter’s investment trading predictions and picks since 1985 so he now has a nearly 25 year long track record which can tell us whether you should trade on his predictions or not.

Here’s how Prechter’s trading advice has done from 1/1/85 through 5/31/09 versus the broad U.S. stock market average (Wilshire 5000 index) according to Hulbert’s analysis:

Annualized Return:

Wilshire 5000 Index 9.7 percent
Prechter’s Trading Advice -15.4 percent

Total Return:

Wilshire 5000 Index 857.1 percent
Prechter’s Trading Advice - 98.3 percent

The underperformance of Prechter’s newsletter is nothing short of astonishing and stunning! On an annualized basis, Prechter has underperformed the broad U.S. stock market Wilshire 5000 index by a whopping 25 percent per year! Here’s what Hulbert’s analysis shows would have happened to $100,000 invested according to Prechter’s investing trading advice versus the Wilshire 5000 U.S. stock market index:

$100,000 Invested (1/1/85-5/31/09):

Wilshire 5000 Index $957,100
Prechter’s Trading Advice $1,700 “