Great mind-boggling charts. Although I am not a fan of EWT since 10 EWT 'experts' in a room will show 10 different outcomes from the same data I respect Mr. Prechter. I will deffo watch this again. Thanks very much.
Really interesting stuff, but just have to remember these things can really drag a long time and 2026 could easily be the one if not now. Short term pullback should start soon at these levels if not bigger crash.
Robert always does a great job, but if he is wrong this time, he need to give up. his calls have cost the investment community huge losses and the price of his services are outrages. So many calls on THE TOP over the last 30 years plus and never correct...
Wow. I've only ever seen one other video with the level of data that Bob has just shown. That was excellent. I'm a chart guy and I'm a profitable trader with a bit of confidence now but when I see Bob come on with all that great data, it really brings me back down to earth. Also picked up some really good charts that I never would of thought to look at. Bob McCleallan was the other video I seen similar to this video with the unique charts. Thanks for bringing this video to us. Brilliant.
On a theoretical level this is very good, but there are some glaring problems. The main one being around 31:25 where March 2020 is a low because of a (venerable) four year + 1 month cycle (going back decades). Sure, but...no mention of COVID?!...way too abstract....
Doesn't have to go anywhere. It's going to keep being allocated because fund managers make money from bagholders during a crash. Biden is buying an election and all the bulls liquidity is helping them.
The problem today is so much money has been pumped into these markets, then you have the algorithms and Ai then mixed in with younger traders who think the only way is up.
only correction Id make is that Bitcoin's rise wasn't a result of positive social mood, but more of a response to negative conditions stemming from the financial crisis of 08/09. Yes, speculation followed, but speculation is not the sole engine of BTC
Robert is constantly amazed by the highs and ratios that he sees compared with historical norms. It's like he's speaking over the internet but doesn't realize how this rapidly evolving medium effects the momentum of social mood.
I lost a ton of money in 2020 following his Elliott Wave newsletter service, anticipating his relentless bear calls amidst record QE. Take this with a BIG bag of salt.
The only pushback to this great video is demographics in the US. The baby-boom echo should be a tailwind to US equities for at least another decade. That is why we aren't looking at a long-term bear market for quite sometime. Other than that, great stuff here. Thanks.
They have been putting out the call for a big market crash for 2 plus decades, they will be right someday. But a broken clock is right twice a day. They have swayed my investing and it has cost me a LOT over 15 years waiting for the crash.
SAME HERE!! There will never be another stock market crash. It is now against the law and will never be permitted to happen again. The algos are there to ensure the market advances by a percent every day. Just look at the charts.
Do you think the proliferation of "Financial" voices warning of a change in paper currency for digital has an unusual effect on stock investing ,? Thank you for this conversation. 2/3/24. 11:45 A M, est
stop worrying about what you cant control and go enjoy your life folks it is nothing that hasnt happened before and it will happen again 'the Republic will survive
Often, there is this Out of the Blue event that starts the selling. February 2020 was set up by Covid-19. That short term Bear was great if you were brave enough to start buying in October of that year.
This is an important market player¡¡We are coming back to Keynes economic vision with gold standard included¡¡Economic cycles are like history:Always is changing ¡¡
... an understatement. "Disastrous" is more accurate . You'd gone broke a long time ago had you followed his advice on shortselling the US Stockmarket.
Appreciate the information and I've watched many other interviews with Bob. However I have a minor critique which is that BTC actually topped out in November 2021, before stocks and NFTs
I find the negative comments about Prechter on here to be more confirmation of a looming market top. Denial is part of the emotion that sets in prior to every bear market, and when ever the slide begins those optimistic traders will be the last riders on the Titanic.
To Bob Prechter, Every day is a good day for a market crash. He's been predicting a crash for most of hus career. I lost so much $ following him & his cycle theory over many decades. Just being truthful.
You've got a new subscriber, me - the best thing to do is first and foremost remember that the US stock market, because of rising corporate profits, has a positive return to be expected in the future, around 10% per year. If you want to try your luck in active management, you need an edge that give you a return of > 10% a year, otherwise it's not worth your valuable time. Problem is, markets become increasingly efficient -> it's becoming more and more difficult to beat the S&P 500. If you realistically can't beat the S&P 500, simply invest in a lowcost index fund on it.
Mr. Precther you’re a legend! I came across you reading Technical Analysis of Stock Trends by the great Edward’s and McGhee! Just subscribed to FSC. Looking forward to obtaining and applying everything that this channel has to offer!
I simply copy & paste from what I wrote already, "Robert Prechter has to be one of the all time greats in terms of market timing and presenting profitable setups .... NOT ! He bascially became a perma-bear for US Stocks after the crash of 1987, warned endlessly of a big bear market. Had an investor followed the advice he gave in his Elliot Wave newsletter, he / she would have lost her last shirt. How this guy can still make predictions and get accolades for it is completely anathema to me. I think Robert Prechter has zero, read, ZERO, credibility as a market analyst and feel downright sorry for people who follow his advice !"
In 1988 he discovered the trove of people who will pay to read bad news all the time, don't care whether or not he is right. He's been selling to them ever since. This is an easy trick, well known in the newsletter business.
he seems to not understand that in a debt based, inflationary(by mandate) economic system, "stuff" increases in value the banks own the world and they only win when their assets increase in value. not deflation. thats why they will NEVER allow deflation
There's a number of these perma-bear guys who make money selling newsletters to chicken shits who are too nervous to put their money into the stock market. Peter Schiff is another one and I think he has some racket selling gold so he's always whining about how the market is on the verge of crashing and so the few times it has, he's crowed at the top of his lungs about how he accurately 'predicted' it. Such horse shit.
The speed which some of the indexes particularly the DJI or the Nasdaq 100 are the stock weightings on the index, seeing how Appl has the greatest weight on the Nasdaq it can literally keep the index in the green on its own, for every $1 move in the apple price almost equates to a 100 point move on the index, alternatively with the DJI the United Health group holds a 8.91 % meaning a big move on this stock can also control the DJI regardless of other index stocks declining. This might explain why despite a lot of declining stocks provided the heavily weighted stocks on the index continue to go higher so to will the indexes.
How long is Warren gonna hold his Craapl before he dumps it? The DXY will pop along with the 10y yield. As soon as the FED cuts rates... the market crashes. The air is seeping out of the bubble right now; the smart money has been dumping (quietly) on the pension funds, the 0DTEs, the BTFDers, the sheepies, the hedgies, and FOMOs without "moving the needle" too much, "yet." The FED and Janet Yellen were set up to fail in 2009. The bigger the boom, the BIGGER the BUST.
47:35 “Bitcoin has no intrinsic value.” “You can’t put it in a flower pot and smell it.” Bitcoin is software that allows you to store & send wealth through the internet. Just as email is software that allows you to send communication through the internet. Software is what allows you to make a phone call wirelessly anywhere around the world. Are you saying there is no intrinsic value to any of these technologies?
They wont even admit bitcoin has a limited supply you are wasting your breath talking to luddites about utilitarian value or characteristics and quality of money regarding BTC
i painted a picture. there is only ONE of that piece of art. it is limited supply. NOBODY wants to buy it. it is worth ZERO limited supply means nothing if there are even less people that want to buy it the government can end bitcoin anytime they want@@danieldykstra4100
He has been wrong on market direction since 1987 with exception of 3-4 year. I know because I was his subscriber...My devil cycle from 1993 points to a massive interest rate increase/housing and stock collapse..I will give it 2-3 week to another 6.5 months. Sure thing commodity trading from Larry Williams.
As an aside, please keep in mind that America has some of the world's most profitable companies, and future earnings are of course what determines the fair value of stocks today. Look at what corporate earnings have done in the past 100 + years ... and you can guess what they'll in the future. The longterm stock market trend is UP in the United States, it silly to forecast crashes / big corrrections. They will come, without a doubt, but cannot be forecasted. Robert Prechter, PLEASE stop making predictions about anything.
sorry, I think the wave theory is just a fun math game, did not work, and will not work in the future. Do not waste time on such thing unless you really enjoy the beatuful wave charts.
We're in the early stages of a global hiyper inflation, stocks won't drop while governments are printing currency. If the USA balances its budget, stocks will crash down...
yes. take a look at what hyper inflation did to Venezuela's stock market its not about the country or the market, it is about money flow if you think it will be worth more tmro, people buy it hand over fist
I was a subscriber to Elliott wave Theory until I asked for their track record of predictions they had no track record unlike the few top Traders who call them idiot wave Theory
Entirely agree on overweight treasuries bonds . Am not sure of Bitcoin .the Old generation prefers gold and the young generation prefers Bitcoin(block chain technology) I am 63 years old . The vast majority of the experiences investors like myself is cautious on what goes on with the equity market . There is a possibility of risk off assets shifting more towards Bitcoin than gold .I think we must also look at the weight of money .Most institutional investors have increased the positions of gold since 2020,pre pandemic. They have just started increasing Bitcoin assets since several new ETFs have been listed in the stock exchange . I like gold but like more Bitcoin as a new asset class in case of next downturn .
Well, he mocked people for saying snp going to 5000, well it just went to 5700. Imagine the feeling when all the headline noobs are right and you are wrong. And you spent 50 years analysing markets, people with 0 days of analyize got it better. Contrarians dont do well, trend followers do. Wait for a trend to establish then ride it until trend breaks.
I see many on here who are dismayed at Prechter and Elliott wave. I would suggest studying this thing to know it for yourself and not to rely on anyone else. It works but it ain't easy.
Part III, as of now (06/19/2024), the S&P 500 is in fair value territory. I've taken the lows of March '09, around 666 points, as the fair value the S&P 500 should have had in early 2000. Then simply compounded with a 9.5% cagr. We may very likely see 10,000 points in 2030 . This guy called Robert Prechter may or may not be a likeable fellow. As a forecaster for the US stock market, I think he's the worst one out there. Don't listen to him !
Another interesting trigger event may well have already happened in China, with the Collapse of the Real Estate Market there, and the State City lenders massively in the RED. That whole economy, which some say is the #2 economy of the World, if that were to collapse, you know massive unemployment, hunger and panic and suffering that could start to spill over into the Countries that Rely on China the BRICS and the Belt and Road Countries. It could be that trade has to be collateralized with hard assets, even going back to the GOLD STANDARD. What would that do to the price of Gold? Multiple Expansion?
One commentator called it "the best predictor of the past that I've ever seen." It's a brilliant comment because whenever a practitioner is wrong, they relabel the waves.
Smart guy & I tend to agree with 90% of the analysis. However, he couldn’t be more wrong about $BTC. $BTC IS hard money without the cumbersome analog attributes of its gold counterpart. A transparent, anti fragile, permission-less ledger system. Like any asset, the value is determined by what someone is willing to pay for it. In an era of reckless monetary debasement, people yearn for an asset to keep pace with dwindling purchasing power. That asset is Bitcoin.
The network has intrinsic value which is based on the number of transactions. To justify a higher price people must start adopting it as a payment system especially in third world countries where financial intermediaries aren’t acceptable by the general public.
🌎 Sign up for the FREE FSC Community Newsletter: cycles.org/free-newsletter/
Great mind-boggling charts. Although I am not a fan of EWT since 10 EWT 'experts' in a room will show 10 different outcomes from the same data I respect Mr. Prechter. I will deffo watch this again. Thanks very much.
Thank you, what i would like to see is your alternate count for stock market since your prediction of 2023 top did not come to fruition
Nothing to see here move on keep moving lol.
Entertaining....and great tool as a contrarían indicator.... always bear...like Michael Dent........
Really interesting stuff, but just have to remember these things can really drag a long time and 2026 could easily be the one if not now. Short term pullback should start soon at these levels if not bigger crash.
Robert always does a great job, but if he is wrong this time, he need to give up. his calls have cost the investment community huge losses and the price of his services are outrages. So many calls on THE TOP over the last 30 years plus and never correct...
Wow. I've only ever seen one other video with the level of data that Bob has just shown. That was excellent. I'm a chart guy and I'm a profitable trader with a bit of confidence now but when I see Bob come on with all that great data, it really brings me back down to earth. Also picked up some really good charts that I never would of thought to look at. Bob McCleallan was the other video I seen similar to this video with the unique charts. Thanks for bringing this video to us. Brilliant.
On a theoretical level this is very good, but there are some glaring problems. The main one being around 31:25 where March 2020 is a low because of a (venerable) four year + 1 month cycle (going back decades). Sure, but...no mention of COVID?!...way too abstract....
We bought our studio in 2009, the depths of the GFC, with no competition to buy.
Suppose banks are not safe, bonds are not safe. Money has to go somewhere, he doesn't understand that, that's why the stock market remains strong
Doesn't have to go anywhere. It's going to keep being allocated because fund managers make money from bagholders during a crash. Biden is buying an election and all the bulls liquidity is helping them.
The problem today is so much money has been pumped into these markets, then you have the algorithms and Ai then mixed in with younger traders who think the only way is up.
only correction Id make is that Bitcoin's rise wasn't a result of positive social mood, but more of a response to negative conditions stemming from the financial crisis of 08/09. Yes, speculation followed, but speculation is not the sole engine of BTC
Robert is constantly amazed by the highs and ratios that he sees compared with historical norms. It's like he's speaking over the internet but doesn't realize how this rapidly evolving medium effects the momentum of social mood.
Why u squishing the chart to make the large changes look more scary and sudden. How about u use the entire X axis of the screen
I lost a ton of money in 2020 following his Elliott Wave newsletter service, anticipating his relentless bear calls amidst record QE. Take this with a BIG bag of salt.
What do you follow now?
@@frv6610 McLellan oscillator, MACD, Fibonacci retracements, volume weighted resistance levels.
The only pushback to this great video is demographics in the US. The baby-boom echo should be a tailwind to US equities for at least another decade. That is why we aren't looking at a long-term bear market for quite sometime. Other than that, great stuff here. Thanks.
Currently There are other EW Theorists. Avi G for one. This was a trip down memory lane.
Avi is better than Robert imo
lol that hemline indicator part was hilarious ! Enjoyed
😂
Excellent Presentation. Thank you.
They have been putting out the call for a big market crash for 2 plus decades, they will be right someday. But a broken clock is right twice a day. They have swayed my investing and it has cost me a LOT over 15 years waiting for the crash.
SAME HERE!!
There will never be another stock market crash. It is now against the law and will never be permitted to happen again. The algos are there to ensure the market advances by a percent every day. Just look at the charts.
Limit losses, let profits run.
why didn't you invert them if their service was costing you money?
Thoughts on buying the 30 year Treasury in October 2024?
Awesome analysis and very helpful. Thank you.
Well done Team, recently found your channel by looking for the Benner cycles!!!
40:41 Robin Hood gives me 5% on uninvested cash. How is this better?
Do you think the proliferation of "Financial" voices warning of a change in paper currency for digital has an unusual effect on stock investing ,? Thank you for this conversation. 2/3/24. 11:45 A M, est
very good presentation!
Robert is a Living Legend!
stop worrying about what you cant control and go enjoy your life folks
it is nothing that hasnt happened before and it will happen again
'the Republic will survive
Thank you 🙏
Often, there is this Out of the Blue event that starts the selling. February 2020 was set up by Covid-19. That short term Bear was great if you were brave enough to start buying in October of that year.
Yup as long Biden keeps debt spending a select few stocks will keep pumping and carrying the market.
This is an important market player¡¡We are coming back to Keynes economic vision with gold standard included¡¡Economic cycles are like history:Always is changing ¡¡
He is perma bear
Thanks for Prechter
He's been bearish since 2008 and fighting the greatest bull market in history.
Thank You !
The problem is Prechter's track record is very poor
... an understatement. "Disastrous" is more accurate . You'd gone broke a long time ago had you followed his advice on shortselling the US Stockmarket.
market cap to gdp is also in a massive bubble, above 200%.... microsoft alone is the size of the german economy.
Bob has made a lucrative career out of dispensing money losing advice.
Appreciate the information and I've watched many other interviews with Bob. However I have a minor critique which is that BTC actually topped out in November 2021, before stocks and NFTs
I find the negative comments about Prechter on here to be more confirmation of a looming market top. Denial is part of the emotion that sets in prior to every bear market, and when ever the slide begins those optimistic traders will be the last riders on the Titanic.
To Bob Prechter, Every day is a good day for a market crash. He's been predicting a crash for most of hus career. I lost so much $ following him & his cycle theory over many decades. Just being truthful.
You've got a new subscriber, me - the best thing to do is first and foremost remember that the US stock market, because of rising corporate profits, has a positive return to be expected in the future, around 10% per year.
If you want to try your luck in active management, you need an edge that give you a return of > 10% a year, otherwise it's not worth your valuable time.
Problem is, markets become increasingly efficient -> it's becoming more and more difficult to beat the S&P 500.
If you realistically can't beat the S&P 500, simply invest in a lowcost index fund on it.
My takeaway: Buy the dip in April. Then buy again 4 years later.
Why dip in April?
4yr cycle low. 2016, 2020, and now 2024 in April
3 month update: SP500 is up 10% as of May 15, 2024
Very informative!
Mr. Precther you’re a legend! I came across you reading Technical Analysis of Stock Trends by the great Edward’s and McGhee! Just subscribed to FSC. Looking forward to obtaining and applying everything that this channel has to offer!
I simply copy & paste from what I wrote already, "Robert Prechter has to be one of the all time greats in terms of market timing and presenting profitable setups .... NOT ! He bascially became a perma-bear for US Stocks after the crash of 1987, warned endlessly of a big bear market. Had an investor followed the advice he gave in his Elliot Wave newsletter, he / she would have lost her last shirt. How this guy can still make predictions and get accolades for it is completely anathema to me. I think Robert Prechter has zero, read, ZERO, credibility as a market analyst and feel downright sorry for people who follow his advice !"
In 1988 he discovered the trove of people who will pay to read bad news all the time, don't care whether or not he is right. He's been selling to them ever since. This is an easy trick, well known in the newsletter business.
he seems to not understand that in a debt based, inflationary(by mandate) economic system, "stuff" increases in value
the banks own the world and they only win when their assets increase in value. not deflation. thats why they will NEVER allow deflation
There's a number of these perma-bear guys who make money selling newsletters to chicken shits who are too nervous to put their money into the stock market. Peter Schiff is another one and I think he has some racket selling gold so he's always whining about how the market is on the verge of crashing and so the few times it has, he's crowed at the top of his lungs about how he accurately 'predicted' it. Such horse shit.
Great work thanks as always for your insights.
The speed which some of the indexes particularly the DJI or the Nasdaq 100 are the stock weightings on the index, seeing how Appl has the greatest weight on the Nasdaq it can literally keep the index in the green on its own, for every $1 move in the apple price almost equates to a 100 point move on the index, alternatively with the DJI the United Health group holds a 8.91 % meaning a big move on this stock can also control the DJI regardless of other index stocks declining. This might explain why despite a lot of declining stocks provided the heavily weighted stocks on the index continue to go higher so to will the indexes.
How long is Warren gonna hold his Craapl before he dumps it? The DXY will pop along with the 10y yield.
As soon as the FED cuts rates... the market crashes. The air is seeping out of the bubble right now; the smart money has been dumping (quietly) on the pension funds, the 0DTEs, the BTFDers, the sheepies, the hedgies, and FOMOs without "moving the needle" too much, "yet."
The FED and Janet Yellen were set up to fail in 2009.
The bigger the boom, the BIGGER the BUST.
47:35 “Bitcoin has no intrinsic value.” “You can’t put it in a flower pot and smell it.” Bitcoin is software that allows you to store & send wealth through the internet. Just as email is software that allows you to send communication through the internet. Software is what allows you to make a phone call wirelessly anywhere around the world. Are you saying there is no intrinsic value to any of these technologies?
No intrinsic value and you're going to be taught a hard lesson about your speculative risk asset
They wont even admit bitcoin has a limited supply you are wasting your breath talking to luddites about utilitarian value or characteristics and quality of money regarding BTC
@@danieldykstra4100 happy bagholding
That's OK. Some peeps bought at 100. Sold at 50,000.
i painted a picture. there is only ONE of that piece of art. it is limited supply. NOBODY wants to buy it. it is worth ZERO
limited supply means nothing if there are even less people that want to buy it
the government can end bitcoin anytime they want@@danieldykstra4100
Shouldn't you factor Covid into "what the market did?"
You were so WRONG in 2022 about the direction of the market in 2023. It was the opposit of your "predictions".
He's ALWAYS wrong about the US stock market. This guy is a complete failure as a forecaster. Why doesn't he get a real job ?
@@janreichenbach265 I agree
those guys forget everytime we got way more money in the system -> therefor: this is all completely WRONG !
But M2 is less now I guess
He has been wrong on market direction since 1987 with exception of 3-4 year. I know because I was his subscriber...My devil cycle from 1993 points to a massive interest rate increase/housing and stock collapse..I will give it 2-3 week to another 6.5 months. Sure thing commodity trading from Larry Williams.
Who do you follow now?
As an aside, please keep in mind that America has some of the world's most profitable companies, and future earnings are of course what determines the fair value of stocks today.
Look at what corporate earnings have done in the past 100 + years ... and you can guess what they'll in the future. The longterm stock market trend is UP in the United States, it silly to forecast crashes / big corrrections. They will come, without a doubt, but cannot be forecasted.
Robert Prechter, PLEASE stop making predictions about anything.
Unfortunately Bob has been wrong a lot more than right .
World crashing , money moves to USA 🇺🇸 what I think it does to markets ?
sorry, I think the wave theory is just a fun math game, did not work, and will not work in the future. Do not waste time on such thing unless you really enjoy the beatuful wave charts.
Technology has destroyed all these models. One should proceed with caution.
Noob
We're in the early stages of a global hiyper inflation, stocks won't drop while governments are printing currency. If the USA balances its budget, stocks will crash down...
yes. take a look at what hyper inflation did to Venezuela's stock market
its not about the country or the market, it is about money flow
if you think it will be worth more tmro, people buy it hand over fist
I left after he said BTC topped Jan 2022. Not true
Presenting very interesting and common sense
But Mr. Market has no common sense.
What a broken record, he's been predicting a crash for 2 decades. Hard to believe he has any clients at all.
2 decades? Well then he has been right thrice 2008, 2020, 2022.
IWT= Idiot wave theory, he's been able to make a living from his Theory there are many top Traders who poo poo his work
I was a subscriber to Elliott wave Theory until I asked for their track record of predictions they had no track record unlike the few top Traders who call them idiot wave Theory
55 minutes of comedy, thankyou
@@Raapatrolsdotorg Check back in 6 months.
Entirely agree on overweight treasuries bonds .
Am not sure of Bitcoin .the Old generation prefers gold and the young generation prefers Bitcoin(block chain technology)
I am 63 years old .
The vast majority of the experiences investors like myself is cautious on what goes on with the equity market .
There is a possibility of risk off assets shifting more towards Bitcoin than gold .I think we must also look at the weight of money .Most institutional investors have increased the positions of gold since 2020,pre pandemic.
They have just started increasing Bitcoin assets since several new ETFs have been listed in the stock exchange .
I like gold but like more Bitcoin as a new asset class in case of next downturn .
Robert Prechter has to be one of the worst market timers
Great ❤
this man is an Elliot Wave OG
Well, he mocked people for saying snp going to 5000, well it just went to 5700. Imagine the feeling when all the headline noobs are right and you are wrong. And you spent 50 years analysing markets, people with 0 days of analyize got it better. Contrarians dont do well, trend followers do. Wait for a trend to establish then ride it until trend breaks.
I see many on here who are dismayed at Prechter and Elliott wave. I would suggest studying this thing to know it for yourself and not to rely on anyone else. It works but it ain't easy.
Better watch uranium mining stocks😊
omg is he still a thing
Seriously. This joker is still scamming?
A perpetual doom and gloomer since 1980.
You poor bastard, you're gonna get wiped.
Part III, as of now (06/19/2024), the S&P 500 is in fair value territory. I've taken the lows of March '09, around 666 points, as the fair value the S&P 500 should have had in early 2000.
Then simply compounded with a 9.5% cagr. We may very likely see 10,000 points in 2030 .
This guy called Robert Prechter may or may not be a likeable fellow. As a forecaster for the US stock market, I think he's the worst one out there. Don't listen to him !
Taylor Swift wears reveling costumes. Using gold as a benchmark is insightful.
Another interesting trigger event may well have already happened in China, with the Collapse of the Real Estate Market there, and the State City lenders massively in the RED. That whole economy, which some say is the #2 economy of the World, if that were to collapse, you know massive unemployment, hunger and panic and suffering that could start to spill over into the Countries that Rely on China the BRICS and the Belt and Road Countries.
It could be that trade has to be collateralized with hard assets, even going back to the GOLD STANDARD. What would that do to the price of Gold? Multiple Expansion?
Whales again releasing hundreds of videos to herd retail into losing trades.
Another "Bitcoin has no intrinsic value" guy, of course it has not as any other asset has not intrinsic value because such thing does not exist.
Sure looks like the btc chart
is he still calling for 4000 Dow Lol
bs
Robert Prechter is a genius. Elliottwave is one of the strongest analytic methods of the markets.
LOL ! This guy is bearish on US equities since 1987 !
One commentator called it "the best predictor of the past that I've ever seen." It's a brilliant comment because whenever a practitioner is wrong, they relabel the waves.
@@janreichenbach265 THAT really IS Funny !
😂
Typical bear 😂clueless conmen
Smart guy & I tend to agree with 90% of the analysis. However, he couldn’t be more wrong about $BTC. $BTC IS hard money without the cumbersome analog attributes of its gold counterpart. A transparent, anti fragile, permission-less ledger system. Like any asset, the value is determined by what someone is willing to pay for it. In an era of reckless monetary debasement, people yearn for an asset to keep pace with dwindling purchasing power. That asset is Bitcoin.
The network has intrinsic value which is based on the number of transactions. To justify a higher price people must start adopting it as a payment system especially in third world countries where financial intermediaries aren’t acceptable by the general public.
MKT continues to break into upside but he has been calling for rally selling. Very wrong indeed!!
Lfmao😅
BUY PUTS
Doomer baby bear needs his diaper changed before we blast off to ATHs.
the final blow off top is later this year, late 2024.
What a load of bollox!