Is S&P 1570 "THE TOP" for this bull market?

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Will S&P 1570 be "The Top" for this bull market?

Yes.
33
52%
No.
31
48%
 
Total votes: 64

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Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Is S&P 1570 "THE TOP" for this bull market?

Post by Jahbulon »

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

RKresearch
Posts: 50
Joined: Thu Oct 25, 2012 9:36 am

Re: Is S&P 1570 "THE TOP" for this bull market?

Post by RKresearch »

An event like the DOW going from 14K+ to 1K would have a name. Do they have a name for this predicted event yet?

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Re: Is S&P 1570 "THE TOP" for this bull market?

Post by Jahbulon »

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.

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ArrieS
Posts: 1072
Joined: Sun Aug 05, 2012 10:56 am

Re: Is S&P 1570 "THE TOP" for this bull market?

Post by ArrieS »

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

ramvscouga
Posts: 43
Joined: Thu Jan 24, 2013 3:58 pm

Re: Is S&P 1570 "THE TOP" for this bull market?

Post by ramvscouga »

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.

User avatar
Relevant
Posts: 505
Joined: Thu Apr 26, 2012 1:01 pm

Re: Is S&P 1570 "THE TOP" for this bull market?

Post by Relevant »

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

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Re: Is S&P 1570 "THE TOP" for this bull market?

Post by Jahbulon »

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

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


crondanet5
Posts: 4324
Joined: Tue Aug 19, 2008 8:51 pm

Re: Is S&P 1570 "THE TOP" for this bull market?

Post by crondanet5 »

1570-1600

TSPKip
Posts: 1225
Joined: Mon Sep 27, 2010 7:34 am

Re: Is S&P 1570 "THE TOP" for this bull market?

Post by TSPKip »

CR: I agree, though after a 5+% retracement.
Seek Wisdom where it can be found.

ramvscouga
Posts: 43
Joined: Thu Jan 24, 2013 3:58 pm

Re: Is S&P 1570 "THE TOP" for this bull market?

Post by ramvscouga »

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 .

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F $19.05 -1.07% -8.80%
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I $33.31 -0.76% -15.55%
L2065 $12.78 -0.24% -14.10%
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L2055 $12.79 -0.24% -14.09%
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L2045 $12.13 -0.27% -11.26%
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Linc $22.85 -0.12% -2.72%

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