stock market crash in 2011

is a stock market crash heading our way in 2011? this video outlines the possibility of such an event happening by using the elliott wave principle as a main forecasting tool of the sp 500 (spx). it is my belief that a major turning point for the stock market will happen around march / april of 2011 and that this will eventually lead to a stock market crash. the overall decline also has the potential to last 3 to 4 years before any sort of major bottom is put in place. don't believe the hype and understand that markets always turn when crowds are at their most optimistic or pessimistic stage. it seems with the devoted support from the FED, we are slowly reaching an extreme high in optimism... stay tuned for the big showdown!

Category:

Education

Tags:

• stock market
• stock market crash
• spx
• sp 500
• elliott wave
• analysis
• car
• finance
• trading
• bike
• crashes
• economy
• financial

[walkonhome]

CALM DOWN! Obama will save us! Just the other day we were having our 3rd straight day of rain and then Obama came to town and it was a perfect sunny day. No clouds, no wind, and the neighbors dog stopped barking for once.  Obama left and today its raining and the freaking dog is barking again.

[tradeyourwayout]

@walkonhome LOL, love it! Best comment I have read :-)

[1stsmosh]

April 15th is here...no crash yet.

[tradeyourwayout]

@1stsmosh Have you checked the website for updates? I posted on the 3rd of April that the rally will extend to around 1400. This video was done back in November of 2010 and obviously as we get closer to the date, I am able to make better assessments. We did start to see the market fumble in March as I outlined in the video, but no follow through has come. Hence I am inclined to think the bull run will continue.

[CyrilAndPriscilla]

@tradeyourwayout This is exactly why I find this type of analysis useless to me. If you can't predict the future with any accuracy, then how can you use this information to inform your trades? Basically what you are saying is "back in Nov 2010 I predicted a crash in April 2011. However, now since it's April 2011 and a crash hasn't happened, I'm inclined to believe the bull run will continue." Yeah, thanks for that. That helps me a lot!

[tradeyourwayout]

@CyrilAndPriscilla Have a really good hard think about what you just wrote. Your comment is very silly in my opinion. After the flash crash I went bullish on the market based on the Elliott Wave Principle and knew the market was headed to 1300 +. Did I profit? Hell yes! Then based on the analysis I had to be VERY cautious around April 2011. The markets dropped 100 points! But since the drop didn't happen in the right fashion, the next wave count suggest more gains over the coming months.

[tradeyourwayout]

@CyrilAndPriscilla What will I do now? go long of course! Don't fall into the 90% of failed traders who simply cannot trade what a market tells them. Trade the short term, not the long term... then re-assess once you hit your targets. This is exactly what I have done and will continue to profit ;-)

[manga4774]

IT IS HAPPENING!!!!!!!

[flatswing]

paruke, David has been very accurate thus far with Elliot wave analysis. Remember the old saying..try it before you knock it. David has a brilliant eye for this stuff, and I enjoy learning his *trade*.

[hemuntozzy]

this guy is so genius.. we have seen Greek market crisis in Oct which started in Mid of 2011. now we are in a pull back rally where EU is doing everything to stop Italy from being defaulted and may be they will save till March or June 2012 and eventually per the charts market will fall again. anyways we can correlate this chart as we are all in a long term down trend with most of us living on high deficits....

[CHTWillCome723]

@walkonhome Love your attitude, but unfortunately I don't think Obama is going to help at all to prevent this from happening

[manhateixeira]

Respond to this video...  well this guy is right!!! and he said it all over 1 year ago...congrats to this person as an economist/analyst....refreshin­g to see intelligent people in Youtube :)

Now all...let's brace ourselves...the economy is crashing fast :S

[manhateixeira]

@walkonhome LOL

[nategiz95]

The thing is the man is right. Go to finance.yahoo.com.. go to DOW and look at the max time range. The thing is making a head and shoulders pattern, and we're on the tail end of it. If we break through the neckline, we are in for a long-term depression. As crazy as it might sound, since the brain naturally wants to reject extremely pessitmistic thoughts, it will happen. Maybe not in 2011, perhaps 2012 or 2013. 

[Zaxxen69]

Inside tip! Be sure and get your sell orders in late November 10th,

November 11th, 11-11-11. Chinas sell-off will reverberate in the markets. Look for a 3000 point drop minimum!!

[mjhillie]

Damn this guy has been spot on. Hats off to you mate. The right shoulder is a bit higher. Waiting for the bounce to break . I estimate between 2-7 trading days.

[gamergirlv2]

@walkonhome Obama don't care about us! His rich why even care about you or me? He has broke so many promises!

[JohanKH]

@1stsmosh lol. Looking back it turned 3th january, february in the us but mostly because the dollar kept crashing I suppose. There was one more new peak later but that was just a joke ;)

Whatever we're forming a bottom or got more room to move time will tell.

Putting more burden on the tax payers may give us a break out upwards I suppose.

[personalityz]

oh nooooo, armagadon is near