Home Create my own Portal Premium function, contact us! Premium function, contact us! Premium function, contact us! Premium function, contact us! 
Username:
Password:
Create a account
Making stock and economic news easier to read, bookmark and use!
 
  Submit Article Add a Feed Watchlist
Stock Market Crash Alert; Wave 3 Down Starting?


"If I am right, you risk losing the rest of your retirement, your career, and likely incurring legal troubles as everyone looks to blame someone else for their loses."
Robin Landry
(see below)

Power Wave 3 down for the stock markets started? Our friend George Ure has an interesting Elliott Wave based financial adviser whom seems to think so (as would Bob "Quite Sure" Market Will Crash" Prechter!):

As you can see, my outlook doesn't have a happy ending unless you own a lot of put options like...well, you don't think I do this totally for fun, do you? But then again, it does synch up with the latest note from Robin Landry ( rlandry@allegiance.tv ) in a note to his colleagues in the investment community:

"Well it looks like the market has finally topped and the decline to new lows has started. While there is a small chance for one more rally to a slight new high over the next few days, the market action today's reduces that chance to less than 20%. (IMHO) The weekly chart I attached to the last Market Update shows the larger degree decline consisting of 5 waves down into the March '09 low to complete wave (1) and a 3 wave (A,B,C) rally to the recent high to complete wave (2). I believe we are now in the early stages of wave (3) to new lows. The first wave 1 of (3 ) down will form 5 smaller degree waves and test the March low, followed by a nice rally where the talking heads will declare it has been a successful test of the low and we are off to a new Bull market. That will be wave 2 of (3).

Once the market turns back down it will be in 3 of (3) and the decline should be worse in terms of Advances vs. Declines, volume, and points lost as the March low is broken and the "point of recognition " is reached. A possible target is around the 2700 area which was the wave (1) high in 1987 before the sharp wave (2) decline, which included the 508 point decline on Black Monday. I will be posting updates with the applicable targets as the decline progresses. I have attached a chart with the short term count which makes me believe the turn has occurred, along with the alternate count, which allows for one last rally to slight new highs as mentioned above. Those of you who ignored my warnings over the last 2 plus years and suffered the decline in wave (1) hopefully will listen this time and take appropriate action. If it turns out my count is wrong, it will be a small price to pay. (missing the first 10% or so of a rally) If I am right, you risk losing the rest of your retirement, your career, and likely incurring legal troubles as everyone looks to blame someone else for their loses.

Source: http://urbansurvival.com/week.htm


To see their chart analysis of the Dow, click here...
George's UrbanSurvival.com DAILY (And I mean daily, as he never misses a week-day; incredible.) report offers sound and seemingly non-bias financial and news perspectives.



Rating: 2 (0 today) - Visits: 7563 (1318 today)
Read the full article | Bookmark this article(to my MFP account)

Comments on this item:

uyqnnl
02-02-2017 10:30:21
The note generic viagra without a doctor was introduced on October 29, 2009 and passed on November 7, during the 1st Seating of the 111th Congress. Its beginning sponsor was the Dean of the Clan, John Dingell of Michigan cialis walmart over the counter. The banknote is a revised manifestation of an earlier breadth, the proposed America's Affordable Vigour Choices Make believe of 2009 (HR 3200). The revisions included refinements designed to meet the ciprofloxacin 500mg antibiotics goals outlined in the President's location to a joint hearing of Congress in September, 2009 with respect to robustness regard reform. In 1989 the idea recompense the "person mandate" that every household have a place adequate health care was proposed by a rightist reflect on tank known as the Tradition Foundation walmartpharmacy.com price of viagra and supported in congress by important further republicans Newt Gingrich, Orin Contrive and Charles Grassley in 1993.
 
Eugenekl
02-02-2017 11:15:04
qcbjwyl

http://www.io-riciclo.it/346-nike-air-force-command
http://www.uial.it/848-scarpe-asics-on-line.html
http://www.les-amis-de-nicolas-sarkozy.fr/850-nike-sb-stefan-janoski-homme-pas-cher.php
http://www.bagage-de-bonnesante.fr/roshe-run-rouge
http://www.caminowatch.fr/gazelle-adidas-blanche-cuir-260.html

Nike Free Magasin Courir
Nike Sb Project Ba
Ray Ban Occhiali Da Vista A Goccia
Nike Roshe Run Femme Bordeaux
Nike Shox Rivalry Homme Noir Et Bleu
 
eixhkaq
05-02-2017 00:03:15
Umpire fix looking for yourself what you conceive of around the unheard of trim sorrow law, generic cialis at walmart based on the facts and not the talking points.
TIP: We strongly support enrolling in coverage in these times in the light of the repeal get ready has cialis over the counter at walmart price begun. Available enrollment ends January 31st, 2017. In a worst what really happened scenario, this could be the model time to enroll in coverage with cialis over the counter at walmart sell for assistance until an ObamaCare replacement design is in place. Last minute shoppers may not hear an extension this year.
 
RichardGook
06-02-2017 00:01:02
mlptxfw

http://www.poloshirtsonlineshop.co.uk/poloshirts-for-men-626
http://www.directoryoffinance.co.uk/954-asics-gel-lyte-iii-ns.html
http://www.decorator-norwich.co.uk/003-nike-free-running-flyknit
http://www.bike-courier.co.uk/nike-flyknit-lunar-967.html
http://www.mmua.co.uk/195-white-nike-cortez-youth.html

Asics Shoes Online Store
Converse Jack Purcell Timeline
Nike Air Max 95 No Sew
Nike Air Max 95 Grey And Red
Nike Air Max 1 Low White
 
vqhvhj
08-02-2017 17:46:42
When hearing thither the Affordable Distress Action free viagra (ObamaCare), the foremost without question that comes to percipience is, how drive ObamaCare touch me, my forebears, and my business? The answer, of by all means, depends on a integer of factors including gains and whether or not you currently accept healthiness insurance. Underneath we change for the better down different segments of the viagra 100 mg citizenry and review how each purpose be non-natural at near this health be enamoured of law.
 

View page:  1   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18 



Post your comment
Your name:
 
E-mail Address(Not visible in comment):
 
 
Retype the number:
   
Your comment:
 




:8 :o? :) :P :/ :D :o :% :0/ :o| :? :o-
:DD :(( 8o :( 8D :N :Y :DDD 7| :luv: :\'( :(((

 
Feed of the Month
Wall Street Pit


Submit your own economic or stock news today!



Open Quark in InDesign








Site Owner: David
Location: Los Angeles
© 2006 - 2013 Help/FAQ | Privacy Policy | Terms & Conditions | About us | Contact | Your feed on this site?