Larry's notes

[TREND1]

Did not re draw the line.
.............................
Posted by: bbigtim
In reply to: jakes_dad who wrote msg# 120061 Date:5/6/2006 5:27:57 AM
Post #of 120089

Dudash Hocus Pocus

Two days ago Dudash's downtrend line was scheduled to hit .95 today. Now all of a sudden it was scheduled to hit 1.01 instead. Dudash simply redrew the line to maintain his sell hypothesis.

Maybe today's high of 1.01 was a temporary top. We are likely to find out next week. However, regardless of what happens to WAVX next, Dudash's decision to simply redraw the line to fit his negative hypothesis exposes his supposedly objective technical analysis as imprecise hocus pocus. If WAVX continues to go up, he will have to throw in the towel at some point and admit the downtrend has been broken. If it doesn't, he will just say that he originally drew the downtrend line incorrectly. Hey, it was only off by six percent
...................................................