Prechter Explains ‘Triple Top’ Forming in U.S. Stock Market

(Video) Bob Prechter Explains ‘Triple Top’ Forming in U.S. Stock Market

This excerpt from the special video issue of the August Elliott Wave
Theorist
brings you Bob Prechter’s analysis of the triple top
that has been forming in the U.S. stock market over the past 12 years.
Watch as Bob himself explains what this pattern means for you and the markets.

You can get even more analysis – including an 84-year
study
of stock values – that will help you gain perspective
about the recent market moves with Elliott Wave International’s FREE
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, “Reality Check: Studying the Past to Bring
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You’ll get a glimpse into the in-depth analysis Robert Prechter presents
each month in his Elliott Wave Theorist with 3 excerpts from
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2 Comments

  • Wanda

    March 26, 2014 at 2:26 am Reply

    Well, I think his wave labels are irenrocct. If you take a look at the weekly chart from 2006-2012, it is clear that the S&P has peaked into Primary Wave 2 and turned down into Primary Wave 3. The pattern peaked around 1425 at March end making his Wave iii,in fact the Wave v terminus = end of Primary 2. Five waves up can be counted clearly and it appears as a ending diagonal. Since then, I believe it has turned down into wave 1 at Intermediate Level. There should be a bounce up to form Wave 2 before any big surge to the downside. I have little doubt that medium, term 2-4 years, we are going down heavily and bottom target is under 500 on the S&P. I believe we are into Wave 4 of a Grand Super Cycle, where Wave 2 covered the 1929 crash.

  • Rii

    January 18, 2015 at 11:49 am Reply

    But Silver and gold did not bubble. Maybe the defaitlon is affecting their price, but this does not mean that silver and gold were inflated like the real estate and stock market. The fundamental appears like the dollars will deflate and commodities will go up. Please somebody help me to see what is really going on?

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