*Started second major wave of deflation, this one should be much larger than the first
*In minor 3rd wave, should be in for week or two of serious selling w/ bounces
*In leg down/"wave of recognition", where fundamentals catch up with technicals
*Mentioned the text book head and shoulders pattern from 2000-2010
*Recommends being in cash inside safe financial institutions
See recent blog posts with Prechter.
In the next Tech Ticker video, Prechter said the gold bull/bear ratio was too high (too many bulls) and it has lost upside momentum since 2006. He also said $1 trillion couldn't save the Euro.