Fibo traders are as useful long-term as soothsayers. They know not what they are on about. They just look back on their charts and redraw subwaves within waves and say, "See? Look, it happened just as we thought it would". The guy is wrong about the superbull, because it all depends on TRUMP'S TRADE WAR. It is not a guarantee.
And before you comment on my comment, Red, I'm long in the NQ. So I have the full authority to bitch and whine about these people when the market goes the other way, DOWN, because I would bet you any amount of money that Shane S., the author spewing his crap, is NOT in this market. He doesn't have the guts to put his money where his mouth is. (Post edited to reflect the proper person I am ragging on.)
mr overnight, Larry didn't state the opinion which you disigree with. dude's name in the vid is shane smoleny, shane@wolftraderfutures.com fwiw. he phoned in to the show. Larry allows opinions of various folks on. in Larry's defense, he tries to educate traders. he charges nothing for the youtube vids, he has some guests on that talk about trading using all kinds of angles. if you are on a tear about the opinion, jump on shane, Larry's just the messenger on this one. One of the best aspects of trading is that we'll see. '
Yep. Apologies to him then, for what it is worth. All I saw was a slide with Larry's name on it, but I missed the bottom bit about who was speaking. I stand corrected.
you may well be correct, and i gotta respect a man who aint shy with his opinions. it's all good. when you get a minute, click on that video link and give ol shane a listen, tho, i'm interested in your take. If we don't go up up, well it dont look too rosy i suppose. that's why i stick to short timeframes and ignore fundamentals. can't imagine that i have information on fundamentals before the smartest most secretive and possibly misleading individuals in the financial kingdom.
I agree with his idea of a superbull, but it all hinges on a trade deal. It is nothing technical. And lest we forget, we have Boris the moron over there in the UK working on a forced Brexit on Halloween. The witching hour, for sure. That could rattle us. It shall be an interesting time from this Friday until January of next year.