Stories of Life.
If these guys scare enough people, you betcha we're going to have a crash tantamount to 1929. What is different about the backdrop between 1929 and today? ALOT. Has anyone stopped to think about WHY the negativity escalated in the past 11 months? If there are enough "experts" who proclaim gloom and doom, THEY will profit from the panic. It's a self-fulfilling prophecy fueled by those who want it to go down. It's part of the plan and the defiance. Politicians beware as you are to blame.
OK lets all just HOPE it better! Where have YOU been the last 11 months?
Recognize the syntax...I have been stocking my cabin. Seriously, I'm not trying to start a firestorm...that's already begun. What I'm saying is that the sentiment we are witnessing goes beyond anything most of us in our lifetimes have experienced. Savoldi thinks HE is the only one with the crash hypothesis? He said it several times. Where has HE been? Allan, I have been right here giving attention and credence to your hypotheses.
I have seen many traders advising that a crash is imminent. This is not a new or unique theory. Let's just hope for all of our sakes the theory is wrong or that we clear the mess with a fall and recover rapidly and strong.
Why I can not see anything except the comments?I believe the crash is coming.Rich
Allan,Great video and thanks for sharing with us.BTW, they are not the only one forecasting a market crash. For sure, Prechter and Neely are two Elliott Wave gurus who have been saying this for months / years.Richard
I disagree about negativity contributing to the market decline. That sounds like a bunch of John Maynard Keynes baloney. There have always been doom and gloomers, and they were uniformly ignored in the past, especially when they were right. With our unprecedented access to information, people today are more susceptible to confirmation basis. Too negative? Nobody's listening. I had a change of heart this morning and went heavily short. I'm a'gettin rip-snorting drunk tonight. Woot! Trade or perish! YeeHaa!
.....I see many many sub waves taking the market down ,first to the July bottom.This area is a KEY pivot point and decision point for what Triggers any further collapse. Unlike Prechter,who doesnt believe that events lead the elliot waves,I do. I think the whole Market Game is controlled and engineered by the Elite Masters of Global Control....and as FDR said, "in politics,Nothing happens by chance" or as M.Rothschild's wife said..."there would be no wars if my sons didnt want wars..."The Decision Makers decide first,act,and the elliot waves record the after affects. I believe that next year will see the Controllers of Destiny making fateful decisions,at critical turning points. The result of Their Decisions will either create the further catastrophic collapse,or it will create a change of wave structure that becomes a stick save,Wave B bottom at the July low...followed by a Wave C recovery back to s+p 1100 area and global recovery and survival.....until the next time they make a decision.
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