S&P will fall 50% in 6 months - Elliot Wave Analyst

[GoFlyKiteNow]

Elliott Wave analyst says S&P 500 will drop 50% in next 6 months
Malaysia Sun
Sunday 21st June, 2009

Prominent Elliott Wave analyst Glenn Neely says the S&P 500 is forming a major top in June, which will be followed by a large decline.

The NEoWave Institute founder says the U.S. markets will then press on to record lows for the decade.

"Technically speaking, according to NEoWave a correction began at last October's low; the March-June rally is the final leg of that correction," Neely said this week. "The March-June rally is now ending, allowing the bear market to resume. During the next six months, the S&P will decline 50% or more, breaking well below 500." Currently, the S&P is hovering around 900.

Neely says he is providing this information not as a specific trade recommendation but as a genuine public service announcement. Neely was recently recognized in Timer Digest's May issue as the #1 stock market timer for the past 12 months.

 

[cowbehcowbu]

Elliott Wave analyst says S&P 500 will drop 50% in next 6 months
Malaysia Sun
Sunday 21st June, 2009

Prominent Elliott Wave analyst Glenn Neely says the S&P 500 is forming a major top in June, which will be followed by a large decline.

The NEoWave Institute founder says the U.S. markets will then press on to record lows for the decade.

"Technically speaking, according to NEoWave a correction began at last October's low; the March-June rally is the final leg of that correction," Neely said this week. "The March-June rally is now ending, allowing the bear market to resume. During the next six months, the S&P will decline 50% or more, breaking well below 500." Currently, the S&P is hovering around 900.

Neely says he is providing this information not as a specific trade recommendation but as a genuine public service announcement. Neely was recently recognized in Timer Digest's May issue as the #1 stock market timer for the past 12 months.

so Elliot wave for idiots investors????????good advise...this is probably the biggest BEAR TRAP of this century...
US and most of the US-linked free economies had something like over hundreds of trillions of bad assets[ toxic assets] to be recognised in the next few years,,,and times is almost out now...so the prediction may come earlier..

 

[ScarFace]

 

[dysentry]

Well it's end of July now and SPX just busted 9000, nobody dares to short anymore. Ain't over till the fat lady sings.

 

[ScarFace]

Well it's end of July now and SPX just busted 9000, nobody dares to short anymore. Ain't over till the fat lady sings.

You are right.

 

[kingat33]

Top economists are predicting a crash follows by a great depression. Get out while u still can.

 

[kingat33]

Hong kong, China & India market crash today, looks like harry dent and elliot wave predictions are spot on. A great depression is heading our way and get out of the market while u still can. Take care!

 

[2lanu]

A thread did post a Youtube clip not long ago. It showed that someone did control the US even Obama elected.

It's not surprise that they are now "push the index" up so as to draw cash from it. After that, move it down and make another crisis to stike fear again...

 

[Seee3]

It has always been rumoured that behind the US government are the wealthy crafty Jews.

 

[Snipeshot08]

Malaysia Sun
Sunday 21st June, 2009

Prominent Elliott Wave analyst Glenn Neely says the S&P 500 is forming a major top in June, which will be followed by a large decline.

The NEoWave Institute founder says the U.S. markets will then press on to record lows for the decade.[/B]

June was hovering around 900+, now its abt 1100

As expected another so-called guru's prediction BITES THE DUST

Sorry just could not help it...... as really hate all these wanabes predictors giving out unnecessary worrying & wrong predictions

 

[angie II]

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.................
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[longbow]

That got taken to the cleaners by madoff

It has always been rumoured that behind the US government are the wealthy crafty Jews.