Is S&P 1570 "THE TOP" for this bull market?
Moderator: Aitrus
Is S&P 1570 "THE TOP" for this bull market?
Charles Nenner and Elliot Wave's Robert Prechter seem to think so.
Both are calling the top at 1570, and the get this:
Elliot Wave's Robert Prechter is calling for Dow 1000 by 2015-2017.
Charles Nenner is calling for Dow 5,000 in the same time frame.
I wouldn't bet against either of these guys, but all we can do is watch the market action.
See Nenner interview here: http://www.businessweek.com/videos/2013 ... ear-nenner
Both are calling the top at 1570, and the get this:
Elliot Wave's Robert Prechter is calling for Dow 1000 by 2015-2017.
Charles Nenner is calling for Dow 5,000 in the same time frame.
I wouldn't bet against either of these guys, but all we can do is watch the market action.
See Nenner interview here: http://www.businessweek.com/videos/2013 ... ear-nenner
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Re: Is S&P 1570 "THE TOP" for this bull market?
An event like the DOW going from 14K+ to 1K would have a name. Do they have a name for this predicted event yet?
Re: Is S&P 1570 "THE TOP" for this bull market?
Not sure.
With all the stupidity in Washington it would probably be something like one party finally winning a complete majority and being able to destroy society like the extreme left and right seem hell bent on doing.
With all the stupidity in Washington it would probably be something like one party finally winning a complete majority and being able to destroy society like the extreme left and right seem hell bent on doing.
Re: Is S&P 1570 "THE TOP" for this bull market?
I can't help but see a much larger reenactment of Apple. Hype and hope, a new top and suddenly all the institutional money gets pulled out from under us.
OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February. - Pudd'nhead Wilson's Calendar
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Re: Is S&P 1570 "THE TOP" for this bull market?
Jahbulon wrote:Charles Nenner and Elliot Wave's Robert Prechter seem to think so.
Both are calling the top at 1570, and the get this:
Elliot Wave's Robert Prechter is calling for Dow 1000 by 2015-2017.
Charles Nenner is calling for Dow 5,000 in the same time frame.
I wouldn't bet against either of these guys, but all we can do is watch the market action.
See Nenner interview here: http://www.businessweek.com/videos/2013 ... ear-nenner
Wait, so they are saying the the Dow will drop down to 1000-5000 from 14K? Making sure im understanding this correctly.
Re: Is S&P 1570 "THE TOP" for this bull market?
ramvscouga wrote:Jahbulon wrote:Charles Nenner and Elliot Wave's Robert Prechter seem to think so.
Both are calling the top at 1570, and the get this:
Elliot Wave's Robert Prechter is calling for Dow 1000 by 2015-2017.
Charles Nenner is calling for Dow 5,000 in the same time frame.
I wouldn't bet against either of these guys, but all we can do is watch the market action.
See Nenner interview here: http://www.businessweek.com/videos/2013 ... ear-nenner
Wait, so they are saying the the Dow will drop down to 1000-5000 from 14K? Making sure im understanding this correctly.
You got it. This is the 3rd and final leg of the Secular Bear which began in 2000. My long term analysis using annual and quarterly charts suggest that this scenario is highly probable. Dr. Robert Shiller in the economics department at Yale also supports this conlusion using his CAPE index going back 100 years. If you use technical analysis of the markets you have to believe in history repeating itself.
http://www.RelevantInvestments.com
Re: Is S&P 1570 "THE TOP" for this bull market?
Great point Relevant. Another intersting note is that today Cumberland announced for the first time since the summer of 2009 that they were raising cash!
Raising Cash
March 15, 2013
Raising Cash
March 15, 2013
A cash reserve has been raised in our US ETF accounts. A partial cash reserve has been raised in non-US ETF accounts. Our clients will see them in the online-access versions of their account statements.
Why did we raise cash?
Stock markets have become extended, particularly in the United States. Nothing goes straight up or straight down forever. History shows stock markets can have 3% to 7% corrections at any time.
The present long-term bull market started in March 2009. It was reaffirmed in November 2012. It is still intact. That said, most measures of market movement, sentiment, direction, and momentum have reached levels of intensity that approach extremes. This is primarily a US phenomenon.
We believe prudence requires a cash reserve as activities in Washington and the rest of the world continue to unfold. A part of the stock market's momentum is driven by events. The present schedule and scale of events is not conducive of a fully invested position anymore. That could change rapidly.
FOR TODAY, we have instituted and are maintaining a temporary cash reserve. Note the words for today.
In this very fluid, event-driven world, one has to be prepared to change quickly. The temporary cash reserve may be re-committed at any time.
We fly to Paris on Sunday and on to Dubai by mid-week. Discussions of global events will ensue.
We will report from the road as we can.
David R. Kotok, Chairman and Chief Investment Officer
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Re: Is S&P 1570 "THE TOP" for this bull market?
CR: I agree, though after a 5+% retracement.
Seek Wisdom where it can be found.
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Re: Is S&P 1570 "THE TOP" for this bull market?
Relevant wrote:ramvscouga wrote:Jahbulon wrote:Charles Nenner and Elliot Wave's Robert Prechter seem to think so.
Both are calling the top at 1570, and the get this:
Elliot Wave's Robert Prechter is calling for Dow 1000 by 2015-2017.
Charles Nenner is calling for Dow 5,000 in the same time frame.
I wouldn't bet against either of these guys, but all we can do is watch the market action.
See Nenner interview here: http://www.businessweek.com/videos/2013 ... ear-nenner
Wait, so they are saying the the Dow will drop down to 1000-5000 from 14K? Making sure im understanding this correctly.
You got it. This is the 3rd and final leg of the Secular Bear which began in 2000. My long term analysis using annual and quarterly charts suggest that this scenario is highly probable. Dr. Robert Shiller in the economics department at Yale also supports this conlusion using his CAPE index going back 100 years. If you use technical analysis of the markets you have to believe in history repeating itself.
http://www.RelevantInvestments.com
Oh ok thanks for the info. Yeah I sold a while back to not be too greedy and miss out on decent gains. Wish i wouldve held out just a little bit longer but im still happy. Since the market was still doing really good I moved to the L2020 fund since it would do better than G and not loose as much as S, C, F, and I fund. Im wondering if its time to move G now or just ride it out in L2020 fund .
Fund Prices2024-04-17
Fund | Price | Day | YTD |
G | $18.19 | 0.01% | 1.25% |
F | $18.68 | 0.50% | -2.85% |
C | $78.62 | -0.58% | 5.72% |
S | $76.27 | -0.89% | -1.07% |
I | $40.66 | -0.17% | 1.19% |
L2065 | $15.60 | -0.47% | 3.17% |
L2060 | $15.60 | -0.47% | 3.18% |
L2055 | $15.60 | -0.47% | 3.18% |
L2050 | $31.39 | -0.35% | 2.57% |
L2045 | $14.34 | -0.33% | 2.47% |
L2040 | $52.43 | -0.31% | 2.41% |
L2035 | $13.87 | -0.28% | 2.31% |
L2030 | $46.25 | -0.25% | 2.24% |
L2025 | $12.93 | -0.12% | 1.78% |
Linc | $25.29 | -0.09% | 1.55% |