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Monday, November 02, 2009 1:26:55 PM
Some of the best chartists in history, whose books are in the library and read and referenced throughout the world, make predictions based on charts that don't pan out. But more often than not, they do pan out. They say the very best ones get it right 3 times for every 1 time they get it wrong.
For you to dismiss claytrader because the price fell through a minor level of support is ridiculous. But not as ridiculous as giving credence to the gigantic and arbitrary range of chartistoo. Hell, I hope he's right and we all get to see $1.81. But to make that prediction while we're down here, AND call that analysis, is simply absurd.
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formerly cloud8, but I'm much farther from cloud9 at this point.
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