%%- 晚十時,氣溫26度,開冷氣過夜,早一覺起來,哇,室外10度,應開暖氣......天氣股市女人,永遠的三劍客 %%- 1 I wouldn't call myself an Elliottician but I was once an ardent Elliott Wave Theory student. I pay attention to what R Prechter says tho' he may not always be right. By combining Wave Theory/sentiment indicators/cycle study, he now sees a "Grand Super Cycle Top" in stocks/bonds/commodities/housing. ('10/2/27) 2 It's interesting to notice a market technician like Prechter & an academic like Prof. Schiller of Yale both think psychology drives economy & price. "Sociology + Psychology + Statistics = Economics" 3 Prechter, based on his analysis, correctly predicted in Oct 2007, at the exact stock mkt top, that mkt would crash. So it did. He then in Mar 2009, at the exact mkt bottom, told people to start buying. His target was around DJIA 10,000. Let's see how right he is this time.