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Mileage may vary. Getting close now .. 574.5

EW doesn't say B will go above 644, but looking at the shape of wave A I say it probably will. So it would be a great selling point for the LT longs, and they can reload at the bottom of C. Of course your MMV :p

According to EW (the only TA which I take seriously) it is in a B wave up (that may first go down to 550 though), so at least one more bottom (C) is due. After that it may continue the uptrend.

Patience is everything, tops take their time to form ... this may go down to 12300-12200, and test the top again. Then you have a nice top formation with some body. The bottom of the range I currently project at 10500. So a fairly narrow range.

Yeah right, he's an undercover fund manager :p That said, I think he's right that the top is in for at least the coming 2 years. We're rangebound for that time.

I'm thinking along your line, only not that it will go to 500, maybe 550. Apple is now entering a complicated zone, so the moves aren't as predictable to me as the last three (up-down-up). I'm waiting for clarity.

Great post; if there was a bubble blup2012 would be on here screaming Long!! you can't lose

Quite a concensus here, so it wouldn't surprise me if it had a sizable correction. If shorting an uptrend would really be as risky as advertized (and riskier than shorting at another point, deemed the "correct" entry point for a short), it would be a good strategy to go long in an uptrend...

I wonder what trade Uncle Ho had that was so much better than this one.

Your instinct was right, now you must learn not to let you shake out of the drade.

That was a critical failure at 644, it wasn't hard to see this down move coming as a result. It may bottom at 580 and shoot up like a rocket, or bottom at 600 and go sideways.

Uncle Ho's the real deal :D :D :D even his nick is cool, it sounds like some Chinese triad mafia goon with lots of gold teeth I increased my account 4% with an AAPL scalp, that's small change to the Uncle.

Big drop may be in store. Where's Uncle Ho?

ENFJ, the fourth so far. Very strong on the F; this has probably prevented me from imposing my own preconceived notions and prejudices upon the market dynamics. The extravert part geares me towards action. The type Teacher describes me very well; I love to explain and teach, and would like to...

Trend reversal. Nice to see that the mayority thinks otherwise.

Cornering the market? :D

OK, I'll put all my money into gold, and hold for the next 10 years. Now satisfied?

It's just a Pavlov response to the huge 2008 drop. The primitive human expects and wants a repetition of that, no matter what the facts (P/E's etc) are. Now, I agree with him that central banks play a VERY dangerous game ... only the real blowup will be far away in the future.

You mean only a handful of contrarian investors follow their own analysis and aren't influenced by the emotional claptrap repreated ad nauseam on message boards?

According to me, the markets will go sideways till the beginning of 2014. Dow between 10,500 and 13,000. Then a mighty rally might start (Dow > 20,000), followed by a steep descent.