A footnote to my bearish stock market call.
I have received a few emails hoping that my bearish analysis is wrong. I have also received many more emails thanking me for my blog of September 22nd, alerting them to trouble. That was about 1000 Dow points ago, and the exact top of that darling AAPL.
People are terrified of losing their "nest egg." As my students know, I don't give investment advise. I just explain the waves according to my rules. Believe me, I do not want to see a bear market. It is extremely bad for my business and everybody else. However, my conscience would bother me if I did not explain what I see.
The good news is that there will surely be bullish and bearish waves to trade on smaller time frames. Also, there is always the possibility that a large bullish wave will form on the way down. My Wolfe Wave Practioners will see it, if/when one forms. (Please see my previous blogs on this subject.)
