Prechter wrong again--this IS a top, and a major one

panamaorange · Apr 8, 2010

No top until May? And the drop will be LESS severe than previous drops???

wow.

Does this guy know how to do basic intermarket analysis?

Unless equities buyers can get TLT, FXY, VXX, and UUP to all start plunging again--indefinitely--we are not getting above dow 11k.

IYR is absolutely dead in the water--so, the entire financial sector is toast.

nazzdack · Apr 9, 2010

Quote from panamaorange:
No top until May?

Once again, he was "early" on the call.

psytrade · Apr 9, 2010

wheres the link.

Free Thinker · Apr 9, 2010

Prechter was on fast money last night talking negitive. they were ridiculing him.

noddyboy · Apr 9, 2010

Every day I see a new bearish thread calling tops. You guys talk about how crazy it is that the last XX days/weeks has YY up days. I think it is crazy how 9 out of 10 threads that have a directional view are bearish.

Whistlingleaf · Apr 9, 2010

noddyboy it is an interesting dichotomy given there are so many people saying they are waiting for a pullback but then I read something like this and it says Bears are at a low

http://finance.yahoo.com/tech-ticker/article/464042/Everyones-Bullish!-Now-Its-Really-Time-to-Freak-Out

pspr · Apr 9, 2010

Let us know when you bears finally capitulate and go long. I'll be a seller on that day.

SomeYoungGuy · Apr 9, 2010

Quote from noddyboy:

Every day I see a new bearish thread calling tops. You guys talk about how crazy it is that the last XX days/weeks has YY up days. I think it is crazy how 9 out of 10 threads that have a directional view are bearish.

Be fearful when others are greedy, and be greedy when others are fearful. I think some rich dude said that or something.

Free Thinker · Apr 9, 2010

Quote from SomeYoungGuy:

Be fearful when others are greedy, and be greedy when others are fearful. I think some rich dude said that or something.

i posted this back in 2009. i think it pretty much has proven true again. the question where are we now on the scale?

http://www.4morewealth.com.au/pdfs/InvestorEmotionsRollerCoasterCartoon.pdf

olias · Apr 9, 2010

Quote from SomeYoungGuy:

Be fearful when others are greedy, and be greedy when others are fearful. I think some rich dude said that or something.

That's the point, exactly