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http://www.nytimes.com/2008/05/21/business/21oil.html
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www.bloomberg.com/apps/news?pid=newsarchive&sid=ayxRKcAZi630
Listen & enjoy the song in post #4, read the lyrics - it's good.
must have been sensation to all retail and other stupid traders..........but my mentor(for me in my beleif) mr prechter wrote in his publication just before crude crash (a few days before) he said some thing like this. " a historical major top in the crude oil markets is about to be made" and guess what .......all ppl know that he was right.
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he also published the only book in his time in 2003 "conquer the crash" when there were atleast a dozen or more books telling dowjones at 20000-35000.:laugh:
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and yes dow went till 14000 and came back to some 6600 in 2008-09 crash ............a bull market measn higher tops and higher bottoms ............it doesnt work like a higher top and lower bottom like dow did in march 2009:thumbdown:
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and when very recently his publication said at silver 62-66000 .............that it will crash like any thing...........guess what happened...?????
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did it not...???
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and guess what....when he said just few days before that markets will rally in feb 2009........market started rally in march 2009.:grin:
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and guess what........in 1978 when all the American analyst were bearish and dow was at some 2000 levels ...i dunno, he said ..............dow will start a cyclical bull markets and will make new highs for years to come........and guess what....??? it rallied many folds....:thumbup1:
and guess what he .....in an American trading championship(1980) got the first prize for making 444% profit in just one month ...........based on wave theory .......manipulated markets....????:liquor:
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https://broadband.forum/social-chat/3103-does-god-exist/205/
read my posts in this page and u will know what drives the stock markets.
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i am not trying to say markets are not tried into manipulation ................but ......the main stocks and main index will not move much in case manipulation in those is tried upon....................MAJOR TREND WILL ALWAYS PREVAIL SOONER THAN LATER.(no one in the world can affect the markets more than few minutes maybe thats it).
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and read this thread to know more.:grin:
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https://broadband.forum/politics/72806-rahul-gandhi-set-become-prime/