Poker - People believe in a lot of things (e.g religion) based largely on anecdotal retellings without a single shred of real evidence that there is any validity to their beliefs. In fact, that is the very definition of "faith", i.e. belief in that which cannot be proven. As I once opined, even broken clocks are right twice a day. When the market is going with you, you casually dismiss any "outside" influence and maintain that the market would have done what it did anyway because you said so or EWT predicted it, but when it moves against your predictions, you are quick to rail against whatever *intervention* caused the market to go against you, and then conveniently "revise and extend" your count so that you are seldom if ever wrong, at least in your own mind. I have actually done quite a bit of research on EWT and learned enough to know that it is pure bunk, a waste of time, and is not worth risking one cent in trying to trade it (and I am not alone; it has been roundly discredited by most respectable market theoreticians), but as we all know, even bogus market theories can look precient over select time frames. Your bear market call was about a year early (and well in advance of your becoming an EWT disciple), but even then, I don't think you had an inkling of what the mechanism would be for the downfall.
Thanks for stopping by the board. BTW, I agree whole-heartedly with you that Mo'Bama and his socialist Demogogue friends in Congress may do so much damage to this country in four short years that we may never recover.
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