you're right, it is very goofy, but you know what? it isn't goofier than 90% of the "TA" posted on the various boards.
is believing AG is the wizard behind the curtain any nuttier than believing astrological dates have anything to do with the today's trading? nuttier than believing an unfilled gap from 18 years ago on an index that doesn't even exist anymore has anything to do with today's trading?
at the end of the day, what he saw was momentum to the upside, and he stepped aside. however goofy his reason, the instinct was good. how good his instincts are over the long term, i have no idea, but right now, they're working for him.
but yeah, it is goofy. -g-