Bull Market or Impending Crash?

by Tim McMahon

Since March I have been telling you that I expected the market to reach this resistance point, where will it go from here? With the NASDAQ up 53% over the last 12 months, you may wonder why ElliottWave Guru, Robert Prechter is re-releasing a book called Conquer the Crash. Is he crazy or what? Does he know something we don't know?

It doesn't seem like it now but when he first released this book in March 2002, stocks had actually been climbing for six months and the headlines were just as bullish as they are today. It is hard to imagine that -- Then as now, cover stories were saying "The new Bull is Back". This is the time when investors will make fortunes, etc., etc.

It turned out that the market fooled the experts but not Robert Prechter, and prices suddenly reversed and made new lows in October 2002. Yet today's faith in a "new bull" is very similar. Could the market make another even lower low?

This month I mentioned that the NYSE is nearing the resistance zone of 6000 - 6500. It is possible that the run up since March was actually a Bear market rally. The price action in this range will give us a better indicator. At this point I am not 100% convinced that Prechter is right but I am not 100% certain he is wrong either. I personally give him about a 20% chance of being right. But it has been dangerous to your financial health to ignore him in the past.

Don't Be a Victim

Don't let YOUR portfolio be the victim if history repeats itself. You owe it to yourself to protect your portfolio. You need to at least check out his arguments to find out if there is any truth in them.  

Robert Prechter's Conquer the Crash will also prepare YOU for the crisis he sees coming.

Would  you know what to look for, to determine if it is "Up, Up and Away" or "Look Out Below"?

What if you start seeing the cracks leading to a crash? Do you know how to protect yourself?

Be Prepared

 Times of upheaval are times of opportunity for the prepared. You need to be prepared mentally and psychologically by knowing what could happen, what signs to look for that it is beginning and what to do about it.  

An investor who is prepared is one who:

• Has examined the evidence 

• Has determined in advance what is possible

• Has determined what is probable 

• Has decided for himself what he will do if each of the possibilities manifests itself

That prepared investor is 99% more likely to survive (and perhaps even profit) than one who sticks his head in the sand and hopes for the best! 

Be an educated survivor not a victim!

Luck has nothing to do with it!

After the fact, people often call prepared investors "lucky", they say,  "it sure was lucky he was there at exactly the right time to take advantage of that opportunity". "I wish I had been there".

 When in fact, "luck" had absolutely nothing to do with it.  Preparation was the key,  so the investor was ready to "jump" when the opportunity presented itself. The "wisher" will probably never get "lucky" because he will never be prepared to jump when the opportunities arrive.

How many great opportunities have you missed because you weren't prepared? 

Imagine...

 You are prepared....crouched like a tiger... 

ready to pounce...  

the moment an opportunity appears... 

In that case, would you have done better? 

Remember,  advanced preparation is the key! Luck has nothing to do with it!

The Wall Street Journal and NY Times bestseller- Conquer the Crash presents economic arguments why a massive deflation is on the horizon. Don't bury your head in the sand, these are the facts you need to know in order to make an informed decision about your financial future. 

Would you play Russian Roulette with one bullet in a five chambered gun?

Even if there is only a 20% chance that Robert Prechter is right... That is exactly like playing Russian Roulette with one bullet in a five chambered gun,  so you need to know what signs to look for. 

But more than that, this book is practical - since each of the chapters explain "How To," "What To" and "Should You?" If you see signs that he is right you need to take action to protect your portfolio, Immediately! When you see the signs you need to be able to act right away, not after the crash has started. You won't have time to read the book then, it will be too late.

Can you buy insurance after you have contracted a disease? No, of course not! In the same way, you can't buy portfolio insurance after the economy manifests its disease. You need to have the "insurance" in place before the economic disease is common knowledge.

ACT Now!

If you want to act now to educate yourself on the possibilities, to get yourself into the crouch of a tiger, you need to read Conquer the Crash.

You can buy the book Conquer the Crash from your local bookstore for $27.95 plus tax or from Amazon for $19.57. 

Or You can take advantage of the following deal I have arranged with Robert Prechter to get you a free copy.

OK, Here is the deal I arranged, You get the current Issue of 3 Newsletters, The Elliott Wave Financial Forecast (regularly $19), The Elliott Wave Theorist (regularly $20), and The Elliott Wave Short Term Update (regularly $39) so the whole package is worth $78 and you can buy it now for the great price of only $59. 

Then as a Bonus you also get:

The Conquer the Crash book (List Price $27.95 but a priceless value if it saves your portfolio) and just for good measure he is throwing in his classic book The Elliott Wave Principle (another $28 value). So all told you get $134.00 worth of information, but more importantly, it may save you a bundle, if Prechter is right. 

How much did you lose from 2000-2002? What would you give to prevent that from happening again?

Click here for more info on How to get your free copy of Conquer the Crash with your subscription to Bob's 3 Newsletter Financial Forecast Service. 

Click here

To Find out more about Deflation-
Read the Following Articles:

 What is Deflation? and Deflation and Politics

An Investment Lesson from Deflation Scares

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