its actually a good question about primary three down --
Prechter always said we'd get 3 down when there are no bears left
and everyone is convinced the market can only go higher -- and
actually we are just now at that point. I thought we were
close to that point a year ago, as did many people............but I
wasn't even close. But right now, this is what it really
feels like when there are no bears left. Everyone
believes we're going higher. Even Prechter.
Wouldn't that be a surprise if wave 3 down started this
spring.
I'm not saying this because I'm bearish. I've been cured of
rationality. A pullback soon and then on to 1500 sounds
reasonable to me.
wave 3 down
Illinois dummies
Posted by Michael on 17th of Jan 2011 at 07:51 pm
its actually a good question about primary three down -- Prechter always said we'd get 3 down when there are no bears left and everyone is convinced the market can only go higher -- and actually we are just now at that point. I thought we were close to that point a year ago, as did many people............but I wasn't even close. But right now, this is what it really feels like when there are no bears left. Everyone believes we're going higher. Even Prechter. Wouldn't that be a surprise if wave 3 down started this spring. I'm not saying this because I'm bearish. I've been cured of rationality. A pullback soon and then on to 1500 sounds reasonable to me.
wouldn't that be the ultimate
Posted by marketguy on 17th of Jan 2011 at 07:56 pm
wouldn't that be the ultimate irony, market goes down hard now as Prechter is bullish
Precter
Posted by maggi3322 on 17th of Jan 2011 at 11:24 pm
No kidding! Where did you see that precter is bullish???
I think I read it
Posted by Michael on 18th of Jan 2011 at 06:50 am
I think I read it on Yelnick.