missed the bottom, but not here, because I had already named the 666 bull market beast on March 10, 2009!
So did anyone watch CNBC this morning? You get bearish at 950, and you still pimp the same story at 1211? And how about Prechter's super bearish call? How did the "wave" miss that?
Or maybe, why didn't this happen?
Q: What is it that people are unprepared for now?
Bob Prechter: The bear market will bring back nationalism, racial exclusion and perhaps even religious conflict. Thinking technically about events, that is, observing what they reveal about social psychology, prepares you for those changes, whereas trying to predict the future from the events themselves leads you to the opposite, and wrong, conclusion. It cannot be stressed enough, because life-or-death decisions can depend upon your assessment. Notice what marks the major bear market lows of just the last 200 years — the Revolutionary War, the Civil War and World War II. Those were buying opportunities.
That's Prechter, according to his "Idiot" Wave Bible. He also said that women will take over Wall Street:
Q: Women appear to be rising in dominance, as they did in the 1970s and 1940s. Although now it’s not Rosie the Riveter but Sally the Senator.
Bob Prechter: That’s because we’re approaching a bear market. In every field, women gain dominance in bear market periods, and depending upon how the top is formed, the trend can begin a bit before or a bit after the price peak registered on the New York Stock Exchange.
Oh really? So women have now taken over Wall Street? Lately, they haven't even been able to win a sexual harassment suit!
So that's the Elliot Wave Bible. But I gave you the Bible's version of the end of the world on March 15, 2009:
If people buy into the story, why won't they check it out? All those worried about apocalyptic prognostications, should then start looking around for the nephilim, and if they start seeing them, then they should start getting worried.
Genesis 6:2 and 4 That the sons of God saw the daughters of men that they were fair; and they took them wives of all which they chose. There were giants in the earth in those days; and also after that, when the sons of God came in unto the daughters of men, and they bare children to them, the same became mighty men which were of old, men of renown.
What are the nephilim? That's when the fallen angels, (the sons of God in English-(the nephilim) bene elohim in Hebrew) http://en.wikipedia.org/wiki/Nephilim) saw the hot women on earth (saw the daughters of men that were fair) married them (took them wives of all which they chose), had sex with them and had offspring (came in unto the daughters of men and they bare children to them) who were giants (they were giants in those days) and mighty (the same became mighty men of reknown).
Why would that matter? Because we need to look to Noah, to understand the apocalyptic future.
Matthew 24:37 But as were the days of Noah, so shall be the coming the Son of man.
So where are the nephilim? No nephilim, no end times!
Oh My! We have a new forecasting tool! And since no bears bought into that story, since they, of course, were drinking the Armageddon Kool-Aid, maybe they should check out the casket that the nephilim watchers have "found."
It's big enough for even the Elliot Wave Disciples!!
And soon, their bearish forecasts will be as scarce as the nephilim!
Who never showed their face!