Regarding the current long range downtrend of the stock market, I am one person who does not buy into Elliott Wave Theorists’ apocalyptic views of the market. Their views and analysis of the markets may not make sense.
One such Elliott Wave Theorists is Robert Prechter Jr. In his book: You Can Survive and Prosper in a Deflationary Depression (John Wiley & Sons, 2002), Prechter is telling us to forget about the Dow Jones Industrial Average returning to 11,000 (the Dow Jones Industrial Average is currently traded below 7500). Prechter is telling us to try Depression-era levels of less than 1,000 and not to flock to bonds for safety: Municipalities will default and corporate bonds will be wracked by downgrades. Even the U.S. government’s credit status may sink low enough to make Treasury bills shaky. These are Robert Prechter’s gloomy prophecies that you can buy into or you can as well ignore them like me.
It seems Robert Prechter Jr. has a lot of following as his book, Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression (John Wiley & Sons, 2002), which warns of an impending economic cataclysm, reached the top of Amazon’s financial bestseller list in 2002.
QQQQ Power Shares Trading Tips
My Page is designed to help beginners and average readers make money online to supplement the few dollars they may be earning from their online trading – details of which you can find in My Profile Here, if you will.
