The Truth about the POSTER

WHAT ROBERT PRECHTHER SAID DON'T EVER LAUGH AT HIM:

He called the crash in 2007:

Prechter says we are in 1928
Interview with Jim Puplava

http://www.netcastda.../fsnewshour.htm

He says we should top in the cycle degree wave 5 within minutes to months. At least the guy now accepts (no choice there ) that 2000 was no longer the Grand Super Cycle top, not the Super Cycle degree top, not even the Cycle degree top !. He also now beleives ("finally") that we are no longer in a deflation ("but is imminent" ).

Guess what he says now, as soon as the DOW makes ATH - that we have been in a highly inflationary environment, citing the example how much the watermelon prices have gone up since his childhood. The most shocking thing to me was when he cited that how gold went into a bear market from 1982 to 2000, while we were in a "Inflationary environment" as measured by the expansion in money supply. Note the keyword "Inflationary Environment". While his stance so far has been that we were in a disinflationary environment from the early 80s as measure by the rate of change of CPI and we were about to dip into a icy cold deflation. What a joke ? What a fraud these folks play with the public giving the impression that they have a crystal ball for the next 100 years !

Also, what was most amusing was he warns the short sellers to keep their powder dry (after nearly 550 points advance in SPX) and not get run over by the "last group of fools"

This post has been edited by NAV: Oct 7 2006, 01:57 PM



What FIB SAID


70s was huge boom then secular bear
Believe me when I tell you, there wasn't any "boom" in the early 1970's. The boom years ended in 1968/1969.

And believe me when I tell you still that the current market action is nowhere like that of the late 1920's, mid 1950's (which was a true boom cycle), or the late 1990's. In fact, I will dare to go on to say that there is nothing, on an historical basis, that can compare with the current market dynamics going all the way back to 1926 when breadth of market figures began being noted.

Period. Case closed.

I'm sure when Don reads this he will make his own comments about Bob, so I will yield the floor to him as far as his latest banter.

The bottom line for now is that the NYSE breadth McClellan Summation Index is promising us that higher prices remain ahead, and that any topping period probably won't happen to at least 2008, but more than likely, 2009.

Fib
http://www.traders-t...?...c=60633&hl=

"Remember, the only war is you against the market. It will do everything it can to take your money away from you. Because of this you MUST learn to listen to what it's saying, and not to try to put words in its mouth because you believe its wrong." Fib in 2006

elliott for intertainment not for trading?

wish i never heard of elliottwave esp prechter


http://www.financial...om/fsn/main.php

"Don't paint yourself into a corner. Be humble, be honest, dont' defraud people that you know the future with certainity" Nav 2006

sentiment is extreme

[quote name='snorkels4' date='Apr 11 2010, 01:27 PM' post='516414']
sentiment is extreme


wow, in that survey, yes, its extreme. The problem with EXTREME sentiment, is that it means the mkt is going to a rediculous extreme also. So very hard to time in the extreme tail of the move. Prechter, again, if you invested with him in '85...you would be down some 90% till now...enough said.

well at least like what mogreen said.... lets heard what they had said then