another stock market crash in 2012

this video is an elliott wave analysis of the sp 500 (spx) for the 23rd of november 2011. for the last month the market has had a very erratic behaviour in what looks to be a larger elliott wave triangle formation on the daily chart. this basically spells a second stock market crash scenario going forward and the time frame to watch out for is from january to april in 2012. in the near term the stock market will most likely hold up going into the end of the year and then the trouble starts. what will the catalyst be?

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[cherylbarr]

David, was wondering if the latest move Down from Dec 7th and then the sharp reversal upward today, the 20th of December has changed your view at all. Much appreciated

[tradeyourwayout]

@cherylbarr still sticking with my longer term views.

[Avantgarde1611]

@tradeyourwayout

Check out Soul Esprit. He's got the same forecast, but published it back in September 2011 in his book, "When Will the Illuminati Crash the Stock Market?" and also in his other book, "Fractal Trading."

I see this video date is November 23, 2011. Hmmmmm. Looks like you had some help from him. Should give him credit. See his videos on the side bar.

[tradeyourwayout]

@Avantgarde1611 LOL. who are we talking about here? i've had my fair share of calls.

[Andronichuk]

"The only way my view will change is if the drop appears corrective"...

is that the ONLY way your view will change?

What if we rally to 15000?

[tradeyourwayout]

@Andronichuk so far i can't see the price action to support 15,000. the longer-term count has slightly changed but still heading lower as outlined in the video above. the view from "stock market crash 2011" has played out perfectly, so i am inclined to think the rest will follow.

[Avantgarde1611]

@harizal5

Prechter had everyone in T-Bills during the longest running Bull market in history: 1982-2000. I don't recommend buying T-Bills, but canned goods instead.

[TheScyy]

@peerless77 cont. Not only that but almost every western government is in far more debt than they were prior to 2008 as well which just sets us up for an even bigger disaster as more and more governments need bailouts, The Greece bailout isn't going to do anything, it just kicks the can down the road for a few years when they need another bailout. Italy, Spain, Ireland and Portugal are all going to have major issues in the coming years as well.

[TheScyy]

@peerless77 lol, you talk as if Greece is the only issue. Almost every major bank in the world is essentially insolvent. They are far to leveraged and In fact many are more leveraged than they were prior to 2008. What happened in 2007 is going to happen again since all the malinvestment is still there, just covered up with cheap money for the time being. It's the biggest ponzi scheme the world has ever seen and it's all going to come crashing down. cont

[tim3687]

Has is your count looking now since we continue to the upside?

[LOULOUBIO]

@peerless77 i hope my country does default...because while you're betting... people are starving.... harray to out of thin air money making ...DON'T YOU JUST LOVE IT ???....people dying around the world dropping like flies and ..hey I'm making a buck ... don't you just love war,death,and starvation.... what a killer job....

[LOULOUBIO]

@Liamnerfdude1 i miight even be if i knew what it meant.... but you feel free to turn me into whatever you want or need to feel good ...be my guest

[Liamnerfdude1]

@LOULOUBIO Are you one of those Greenies?

[LOULOUBIO]

I HOPE IT CRASHES... THEN THE ILLUSION WILL REALLY HIT THE FAN....BYE BYE FAKE WORLD ... HELLO REAL PEOPLE REAL FREEDOM REALITY AS IT SHOULD BE....LOVE AND PEACE TO THE LOSERS ALSO... IT WILL TAKE A WHILE BUT YOU WILL APPRECIATE IT IN THE END...

[iranwarcom]

Iran War is going to send the Stock Market out of control. Dow Jones will keep climbing and climbing and it will take the suckers down with it

[VivaMydick]

it should collapse it has absolutely no business being up ,pumped with fake ass money .Those companies not worth anywhere near that .Some totally worthless .When people going to realize that . They have no future . Soon people will be struggling to buy just food .

The only way market will go up if there is going to be severe dollar devaluation .

do you realize Dow Jones is only around 4000 in gold ? :) that is it only 4000 dollar got devalued that badly already . food 46%up in 8 yrs gas 300%