How big will the correction BE?

Didn't you think this last year and since gone 30% +

ps if you start enough threads about end of world, $ collapse, market collapse etc etc you will eventually get one right.

agree soap.Mikad is probably an elliot waveist.Those dickwads are forever calling for massive corrections.Bob prechter of elliotwave international has been bearish for 20 years.Occasionally he is right, there is a market fall.The reason theses guys are always calling for corrections is that that's the only thing they can measure.You cAN'T MEASURE ABOVE THE PREVIOUS ALLTIME HIGH BUT THERES PLENTY TO MEASURE BELOW IT, as a result they are allways calling for what they can measure.
I'm yet to see an elliot guy predict with any degree of accuracy BEFORE something happens.They always start betwwen 6 months and 10 years before it happens.When it finally does they claim to be right."I told you in 1997 there would be a correction in the future,it just took to 2008 to happen".

We are still behind where we were on New Years Eve 1999..........Keep up please

Mikaad

Absolute rubbish! If you are one that believes inflation will be a factor going forward it is inevitable that the stock market will increase. Japan has lived with low interest rates and zero inflation, for years. I would be very surprised i fthat could happen in the UK

Alright then,
if you dont want to take notice of "Elliot",what about the massive top formation,i.e.the sideways move since '95,one things for sure if it aint going sharply down then its going sharply up.
One things for sure if you get caught out its curtains,by the way you CAN do calcs for up moves as well re Elliot,but until you know the extent of the down-move its not really worth doing.
Elliot did work well with the gold bottom at $250,but like everything,nothing works all the time.
Prechter is probably still right,who will disagree that this market is being artificially held up,doesnt everything look scary?

Another thing,every persons view is valid, so lets not personalise them,its not the football terraces.
my views are based on math calcs, so its got a foundation.I trust that other peoples views are similar based,i.e fundamentals,political considerations etc.

lol pipedreamer.Such a typical elliots comment.In 95 this happened, blah blah.It worked well when gold was 250$.Heres a newsflash-its 2010 and gold is over 1100$.WhY please tell me is 1995 and 250 gold relevant now?Waveists get on cnbc and you hear then talk about"in 1937 this happened,in 1896 that happened" WHO CARES???? That doesnt help in 2010.If any of you guys are true believers in elliot wave then post your predictions of where the market will be 3 months from now based on your waving theories.I'll bet the great wall of china to a bucket of peanuts that NONE of you will get within a bulls roar of your predictions.Further I'll bet my 5 wave correction to your 3 wave triangle that few if any of you will post your predictions because ELLIOT WAVE IS USELESS!!!

Mr Ben LOL!!

mrben,the past is a guide to the future i would have thought.I Couldnt post in 1995 etc,betfair wasnt around.I even told a few city guys about gold when it was $450,but as they all hadnt read it in the hymn book that they all were told to read and sing they were dissmissive,[looked at me as if i was an oick!],so much for peoples perception!
Everybody has successes and failures with whatever tools they use to predict,its not an exact science,so why be so hostile?

still standing by my comments at end of last year. equity trend is up, and inflation will further that. of course it's sector dependent - financials for etc are up sht creek - whereas miners and metals are crushing it. there will be a market collapse at some point as op suggests, but this is a few years off yet imho. any near term collapse if it occurs will be followed with near instant positive correction imho.

Don,your comment,equity trend is up.not carping, but can you give your reasons for this comment.

Hold on a sec.Mrben,your comment that you cant have a upper prediction is incorrect,tho its nothing to do with Elliot.
A simple updating of ********* gives you a figure for the blow-off top when it comes.Its doable with gold also,tho the top will be probably somewhat higher like the 1980 spike.I put in ********* on account of the fact that i have no idea of how many people know of this little trick.

the trend is up because money has to go somewhere. all this printing - equities and assets are where it ends up. houses are excluded because the asset values are skewed by debt.

and of course our markets are targetted by stronger eastern economies since our currencies are so weak there is value for money to be found, for them, by investing in our equities.

pipes- are you an elliot head? If so plzzzzzzzzzzzzzz post some predictions based on your waves.Everyone needs a good laugh from time to time.

Mrben,i dont actually serve one master,rather more of a broad view of everything.One things for sure,and thats that the market will do the opposite to what is the general perceived view.
Trouble is,what is the general view of investors?,what are they all following?,Elliot?,fundamentals?.
I think its best to develop your own systems of doing things,even on the horses etc.then you do not run the risk of getting sucked in by anything.
As for predictions,i believe that short-term predictions in day trading or even 3 month predictions are a real problem,and will catch everyone out.But the long term is the best to play as
i lived thru the 1973 collapse and learned a lot from it.I just feel that the risk of a major correction is too high,and of course you dont have to be long or short,just stay out!.I'll keep specific high low calcs to myself for the mo,but if you give me your e-mail i'll send them,REMEMBER if you give calcs to everyone et al and they work all people have to do is to is tothen calc how you arrived at them and then a good system is lost forever.
i take it that none of us are multi-millionaires,so none of us have a monopoly on the truth as regards getting everything spot on,so i wish people wouldnt put everyone into certains camps thus producing an us and them mentality.It doesnt help things,certainly if we are to make money.
I am continually staggered at supposed clever people unable to discuss things sensibly.I watched American Apprentice last night, and what is the norm these days i was amazed at all these very clever people unable to get on,discuss,communicate with each other.I guess its the same on forums,everybody head-butting,grandstanding etc and nothing moving forward,they might just as well call all these forums vent-your-spleen.com.
My point is,is that nothing gets achieved,it generally ends up being a total waste of time.Whats wrong with taking a more buisness-like approach to things.Perhaps then we'll all prosper,instead of the Alexander The Great motto,i must win,everyone else must fail.Typical example,ive developed a system over 20 years of picking horse winners,do you think i can find a computer geek to computerise it?,well actually no!!,i cant even get it to the table,hows that for pathetic.As i say even if its American or English Apprentice it gives you an insight into peoples failings,and forums as this one merely confirm all that is patently obvious.
Unless of course your different!!,and would like to halt this stagnation and move forward.[hands up!!]

Mrben,i dont actually serve one master,rather more of a broad view of everything.One things for sure,and thats that the market will do the opposite to what is the general perceived view.
Trouble is,what is the general view of investors?,what are they all following?,Elliot?,fundamentals?.
I think its best to develop your own systems of doing things,even on the horses etc.then you do not run the risk of getting sucked in by anything.
As for predictions,i believe that short-term predictions in day trading or even 3 month predictions are a real problem,and will catch everyone out.But the long term is the best to play as
i lived thru the 1973 collapse and learned a lot from it.I just feel that the risk of a major correction is too high,and of course you dont have to be long or short,just stay out!.I'll keep specific high low calcs to myself for the mo,but if you give me your e-mail i'll send them,REMEMBER if you give calcs to everyone et al and they work all people have to do is to is tothen calc how you arrived at them and then a good system is lost forever.
i take it that none of us are multi-millionaires,so none of us have a monopoly on the truth as regards getting everything spot on,so i wish people wouldnt put everyone into certains camps thus producing an us and them mentality.It doesnt help things,certainly if we are to make money.
I am continually staggered at supposed clever people unable to discuss things sensibly.I watched American Apprentice last night, and what is the norm these days i was amazed at all these very clever people unable to get on,discuss,communicate with each other.I guess its the same on forums,everybody head-butting,grandstanding etc and nothing moving forward,they might just as well call all these forums vent-your-spleen.com.
My point is,is that nothing gets achieved,it generally ends up being a total waste of time.Whats wrong with taking a more buisness-like approach to things.Perhaps then we'll all prosper,instead of the Alexander The Great motto,i must win,everyone else must fail.Typical example,ive developed a system over 20 years of picking horse winners,do you think i can find a computer geek to computerise it?,well actually no!!,i cant even get it to the table,hows that for pathetic.As i say even if its American or English Apprentice it gives you an insight into peoples failings,and forums as this one merely confirm all that is patently obvious.
Unless of course your different!!,and would like to halt this stagnation and move forward.[hands up!!]

pipes- nicely put. love to hear from you. my email is mrben_2005@yahoo.com.au

deflation will preced inflation

there are no winners in deflation

i agree it is best to see what work for each of us individually

keep your stops tight,,but thats for much later in the year really

what do i know i am a mere mortal, but i await bargains at lower levels in every asset class

criketon,

Savers win in a deflationary bust.

hope that helps.

theres no doubting that cash is king in that situation I am not disagreeing with you, it would certainly be a minority though and those in that position could not be relied upon to kick start an economy

So the solution is to devalue the savers wealth through inflationary policies because they can't be trusted with the wealth they've prudently accumulated?

Give me a break ffs.

lol i think he means 'when the country's skint we need to steal money off people who are in the black'

I know this may come as a shock.To date elliot wavist- pipedreamer has not emailed me with any predictions.Like all elliot heads when the presure is on they are too busy correcting their triangles.

statman
i dont know if your post was directed at me, all this "gimme a break ffs" i hope not

i am not in charge of monetary policy in the UK or any country. I for one dont want to see my savings diluted by any inflationist policies. All i meant was that hyperinflation is preceeded by deflation

i hope i havent caused any offence

mrben,i will e-mail,only i'm leaving on tues for a 3 week cruise around the middle east,Egypt, Dubai,the Yemen [dont think i'll get off!!!]etc,and so things are a bit hectic.
question,do you punt the horses?.