Neely, Prominent Elliot Wave Analyst, Says Equity Market To Drop 50% In Next 6 Months

Quote from ByLoSellHi:



Hell, Tavern On The Green and Cipriani probably went belly up because the economy is great.
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ciprianni belly up?? packed every night, what are you talking about?

soho even has the silver bull back on the sidewalk,,,,,


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Quote from the1:

This guy is one of the worst traders I've EVER seen!!! He uses 50 point stops and gets stopped out at a couple of ticks above/below highs/lows consistently. I asked him to provide his track record because I wanted do join his service a while back and check it out. The response was something along the lines of, "ummm....we don't do that."
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im not surprised, glenn is an analyst not a trader. there is a big difference, he sees the big picture imho

surf
 
His analytical skills do seem quite good but he offers a RT trading alert service. If you do that you MUST provide a verifiable track record. Although, there seems to be no end to the amount of traders who will join a RT trading service w/o seeing brokerage statements. Crazy biz huh?

Quote from marketsurfer:

im not surprised, glenn is an analyst not a trader. there is a big difference, he sees the big picture imho

surf
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Quote from the1:

His analytical skills do seem quite good but he offers a RT trading alert service. If you do that you MUST provide a verifiable track record. Although, there seems to be no end to the amount of traders who will join a RT trading service w/o seeing brokerage statements. Crazy biz huh?
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no doubt, i have known glenn for a long time, however am only familiar with his analysis, not pinpoint calls, thanks for the update!
 
Quote from Clubber Lang:

Nothing has changed where I live. Bars, restaurants, clubs, lounges, movies, sports stadiums/arenas are all packed.
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My family celebrates Mother's Day more than any holiday except Christmas. We typically go to Bob Chin's Crab House outside of Chicago.

I noticed this year wasn't as packed as it usually is. A lady nearby commented when they called her name, that they called her pretty quickly. I told her that we're in a recession, and she agreed.

You must live in a tight small community, and don't wander off too much. I'd say it's pretty tough not to notice anything when unemployment is at 9.4%.

I'm an over-the-road truck driver and it's very easy to see the bad economy that we're in.
 
Quote from ByLoSellHi:

Not to sound sarcastic, surf and clubber, but you guys must be really, really insulated from the downturn.

If so, good on you.

When I read that Annie Leibovitz was pawning her best work for a glorified payday loan, and Harry Macklowe gave back the GM Building and a whole portfolio of other prime Manhattan properties, and Manhattan office rents fell from $130/square foot to $48, and newly built condos are selling for 50% of what they were in 2006 in Manhattan, I guess none of that is because the economy in New York has turned down.

Hell, Tavern On The Green and Cipriani probably went belly up because the economy is great.
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surely i cannot be the first person to say this; maybe you should seek professional help (ie:antidepressant, counseling, etc). no malice intended.

i've seen all this (bought a condo 50% off in the s&l crisis) and we came out of it. sure, it took 7 years or so and this one is worse; but we will be booming again within 5 yrs. no question.

have you ever been through a recession of any magnitude?
 
Quote from sellindexvol66:

surely i cannot be the first person to say this; maybe you should seek professional help (ie:antidepressant, counseling, etc). no malice intended.

i've seen all this (bought a condo 50% off in the s&l crisis) and we came out of it. sure, it took 7 years or so and this one is worse; but we will be booming again within 5 yrs. no question.

have you ever been through a recession of any magnitude?
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I remember 1981, though I was very young, and 1991.

Those were nothing compared to this one. Those were cyclical. Factories were idled, not moved overseas permanently.

This one is structural and is going to turn into a full on depression.
 
Quote from Petsamo:

My family celebrates Mother's Day more than any holiday except Christmas. We typically go to Bob Chin's Crab House outside of Chicago.

I noticed this year wasn't as packed as it usually is. A lady nearby commented when they called her name, that they called her pretty quickly. I told her that we're in a recession, and she agreed.

You must live in a tight small community, and don't wander off too much. I'd say it's pretty tough not to notice anything when unemployment is at 9.4%.

I'm an over-the-road truck driver and it's very easy to see the bad economy that we're in.
More...


thanks for the perspective. i still see tons of trucks on the road--- how is your business?
 
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