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 Laughing

    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.

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