stock market crash

[jamesbrown]

We need to wait until technical analysis fully explained this massive fook up

The chart was upside down.

[Andy2]

We need to wait until technical analysis fully explained this massive fook up

its was the graveyard doji that sealed his fate or a big red candle

[AtW]

To be fair the crash is certain to happen - if it wasn't for Covid, which was unpredictable, the crash would surely have happened by now, all the technical analysis lines were pretty much guaranting it

[DealorNoDeal]

Scooter's TA is a mightily impressive negative indicator.

Short the FTSE at 6000 to fall to 4500. It's gone up to 6400.
Short ethereum at $260. It's now $600.
Sell bitcoin at $12k. It's now $20k.
Lost track of how many times he called AMD wrong.

Funnily enough though, back in February, he did predict BTC would end the year at $20k. But then he sold at $12k. Although his predictions for Gold ($1200) and especially the Nasdaq (3700 - 4500) were a "little" out.

https://www.contractoruk.com/forums/...ml#post2728544

Would it be harsh to say he hasn't got a clue?

[Whorty]

Scooter's TA is a mightily impressive negative indicator.

Short the FTSE at 6000 to fall to 4500. It's gone up to 6400.
Short ethereum at $260. It's now $600.
Sell bitcoin at $12k. It's now $20k.
Lost track of how many times he called AMD wrong.

Funnily enough though, back in February, he did predict BTC would end the year at $20k. But then he sold at $12k. Although his predictions for Gold ($1200) and especially the Nasdaq (3700 - 4500) were a "little" out.

https://www.contractoruk.com/forums/...ml#post2728544

Would it be harsh to say he hasn't got a clue?

His ego is so big you can bet your bottom dollar he is still reading these posts; he's waiting for just one of his guesses to move in the right direction for him so he can pipe back up and say "I called this" - you wait until the FTSE drops from 7500 to 6800 in 3 years time, he'll claim that as the crash he predicted

Fools are still following and praising him on the trading website ... if only they knew the real truth about his 'expert analysis'

[AtW]

We can help them find out....

[Whorty]

We can help them find out....

Nah, they need to do their own research

If they can't spot how wrong he is so often then they probably deserve what they get ... or more likely, it's one of those sites where they all pretend to be investors but none of them actually are

[Whorty]

The signs are there - you just have to look. 'Of course we have to stop paying dividends because of a virus' It is nothing to do with empty vaults. Share holders don't seem to be buying the virus narrative, hence why they sold off in droves.

Remember what I said, if this bank collapses so does the gold ETF, the largest in the world. It would not surprise me in the slightest if the personal ownership of gold was prohibited at that point.


HSBC Cancels Remaining 2020 Dividends

Looks like Scooty called it right again

How can one person get it so wrong so often? He's actually got a knack at this .... he just needs to do the total opposite of what his 'analysis' tells him

But since September its fortunes have changed with its shares rising by more than 50% in Hong Kong and 48% in London, where it is listed.

In October, HSBC recorded better-than-expected third quarter results on cost savings.

HSBC share price rockets 50% since its 25-year low - BBC News

[jamesbrown]

TBF, I think he was right on LLOY though. Took a small punt on LLOY at 37.2p because I think there will definitely be a brexit deal and a strong covid-related recovery in the Spring and they are very sensitive to the UK economy, unlike a lot of the FTSE 100. Would sink in the event of no deal, obviously. Just a small punt, 20k.

[AtW]

unlike a lot of the FTSE 100.

Deal might make Sterling too strong