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

[maxpi]

Prechter wrong! What next!!!!!!!!!

 

[Benign]

Your opinion is never important. The market doesn't care what you think.

 

[Benign]

Quote from maxpi:

Prechter wrong! What next!!!!!!!!!

Mr. Market is right!!!!!

 

[gtor514]

The top was last year. Right at the 0.618Fib

DJIA/DX

 

[salvador90]

Quote from gtor514:

The top was last year. Right at the 0.618Fib

DJIA/DX

hey mate.

how do you do that on metatrader ?

plotting two assets like you did? for example if i wanted the DJI/gold ratio ...

 

[piezoe]

The correct long term view is that the market will ratchet higher for many more years, since nowadays inflation is the number one driver. Naturally there will be both pullbacks and corrections along the way. Having just experienced a major correction it is only natural that the market will rebound dramatically in the months following, as it has.

I have been anticipating a pullback sometime in late April to May and have stated so. Many of us said months ago that the next major resistance was around 1200. But trading on what you think the market should do is an excellent way to go broke. Never go short simply because you think the market is too high.

 

[psytrade]

in google news, typing inflation gets you 19,000 hits right now.

Type in deflation, you get 2,560 hits.

To me, deflation as a trade is the better one to make.

 

[rcaldwell]

Quote from tradewithjoy:

Oil crash back below 50. the game is over.

Chinese auto sales just surpassed US sales, dollar barely staying above 80, please elaborate.

 

[piezoe]

Quote from tradewithjoy:

Cyce top, in place. Real deflation forces, will cause the market to selloff. With bonds not showing strength. Strong defation bonds could possibly move up. I do not see it.

DEFLATION??? Surely you're joking!