Replies to post #2544 on Wyckoff volume benchmarking / market profile bt a

[keepsinvesting]

No one wishes for a global recession, but i dont go by with what someone else says, my own chart readings tell me how to trade, not them, but thanks anyway

[gratitude]

I subscribed to him some months ago and i wasn't impressed. I do not believe that there is anybody out there who can really forecast the market. sometimes they guess it sometimes they do not. Following them is just a recipe for losing money......

[jxyzobrien]

Mchugh follows Prechter top was in aug 7, 2015
trouble with complex EW analyst's they use almost exclusively just
Complex EW.
so they make a bunch of bad calls. Mchugh was pumping gold big time
in the summer. He original called the gold bottom 2015 end.
He was a year early.

There was also a triple top in gold this summer and he had everyone
long. OUCH

When all you have is a hammer everything looks like a nail.

Unless the trade war really kicks in (gdp effect. 4) in no bear. But new tariffs kick in jan 1. So earnings must be adjusted and the 1% increase
in 10 year rate since 2016 is being factored in.

No inverted yield curve, no real recession in sight and no major 5th wave
straight up ending diagonal pattern.

The white house will do everything they can to extend the economy
to 2020 to get re-elected.

https://www.kitco.com/commentaries/2015-08-07/Dr-McHugh-s-Work-Says-This-is-it.html