Submitted by DesmondMilesDant t3_11e2i4n in wallstreetbets
DoombergTerminal t1_jacq1a7 wrote
Oh how the mighty have fallen. I guess like Burry even broken clocks are right sometimes and get over confident. 40 VIX by Jan end? đ Now this guy says SPY 320 (oh wait nvm 370, btw his strategy is now âhopeâ as in âhope for Q1 disasterâ) in four weeks? What now when youâre wrong? Change your âQ1 disasterâ to 1H 23, then adjust again to âoh wait, now itâs âQ3 23 dIsAsTeRâ
Move on folks, this guy is a false prophet (he was right on moves couple times in the past but his predictions are irrelevant now)
DesmondMilesDant OP t1_jacttay wrote
I think you don't even read newsletter these days and i mean its not really your fault. What i said was Wyckoff like structure i.e. the bottoming pattern in Q1 where the low of Jan will be same to as March but the diff will be not much. In case you have forgotten its called selling climax in Jan and DT/BT in march. This is called Q1 disaster theory where low PE multiple will meet EPS 210-200.
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Now this is what i said back in may - June. So i will not change even a thing from this just because you want me to do a new analysis. If i be wrong so i be wrong. Why in the world should i change anything i said back from may-june. I admitted i was wrong about Jan high Vix in Ws-s02e06. Now lets see we get a Q1 disaster or not. If i will be wrong so i be wrong. Nowhere i have said i am changing my prediction to 1H 2023 and why should i. I am just trying to avoid being flip flopper. That's it!
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Thank you
Have a nice day!
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