Bob Prechter Explains 'Triple Top' Forming in U.S. Stock Market
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Uploaded by elliottwaveintl on Sep 14, 2011
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.
For a limited time, you can get 26% off a subscription to both The Elliott Wave Theorist and the Financial Forecast -- and get Prechter's special, video issue of The Elliott Wave Theorist -- completely risk-free http://www.elliottwave.com/wave/yt110914.
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hey hey! Have you thought about the British Box Breakout (do a google search)? Ive heard some awesome things about it and my friend got lots of cash.
parvez69able 3 months ago
@orangedac It's one of those bizare patterns which could have higher highs and lower lows... very similar to what we see in the 1970s... almost a decade of sideways action yet the fluctuations become more volatile.
Fed is probably doing it as we speak to be honest, but it is not the all powerful institution some people think (in my opinion anyway). :)
Andronichuk 5 months ago
@Andronichuk
meaning what? it will zig zag down in a diagonal tunnel that expands.... so lower lows and lower highs?
also won't the federal reserve jump in to rig the stock market upwards as it always has.
orangedac 5 months ago
Downward sloping neckline could lead to an expanding diagonal as was seen in the 1970s.
Andronichuk 5 months ago