2nd time in 2 days you've trolled the 2 open EW-based threads here. If you dislike it so much and it's so utterly useless why are you even watching them ?
I would like to point out that complaining about DanV's analysis is hardly the sign of an uber-bull / EW hater. Plenty of bears (and EW lovers) do so as well
To his (DanV's) credit, he has been on the "prolonged bear market" train for a long time, but his targets and counts tend to be quite off, at least that's the impression I got over the last year or so.
I have found his forecasts incredibly useful. Proper TA traders wouldn't fault him for his off the mark targets because, they are probabilities - just to give a sense of direction!
That line of argument --his targets are off-- is tired TBH. Are there analysts who forecast price action right down to the mark? name me one
Last time , he said we'd go down to around $210 then back up to a higher price. Now how was that off the mark???
Also, i wonder how many actually bother to sit through his hangouts? He always adds caveats
Giving your money to the market because of what an anonymous analyst says is a bad idea. If they were making such consistently great predictions they'd have no need to post their "trading ideas." What they want is to create a following so their own trades have a greater chance of being profitable. Even if they are wrong sometimes, it's likely that they can get out of a bad trade faster than you, leaving their followers stuck on the wrong side of the market.
Don't be a minnow--learn to read the market on your own or you'll lose when one of these trusted chartists turns out to be wrong.
