San Diego Housing Bubble News and Analysis

Check out elliottwave and K Wave for the lastest scare. They've both been spot on for the last few years. It's a big fat bear market....

Aye, I've been all over ElliotWave (getting their free newsletter daily but not yet a subscriber) and many other analysis sites for some time now. Also receive John Mauldin's newsletter daily (excellent analsysis).

One picture that is emerging in my mind is that all this intervention is having havok on a lot of these theories and market analysis tools, many of them go off normal market condition algorhythims that aren't a good fit for up to 10% variations through a given day.

The indications I'm seeing is that the overall trend is still bearish, but there will be soft bottoms and one or two day rallies to fool the clueless.

Thoughts?

DOW Theory pointing to a deepening bear market

I don't need a complex theory to tell me that. LOL

I generally have deep contempt for all forms of technical analysis that attempt to forecast trends in the financial markets.

But Elliott Wave Theory is an exception.

For example, when one if its respected practitioners such as Robert Prechter speaks or writes, I pay attention.

However, I keep in mind that the best of the best such as Prechter have made some really bad predictions since 1995.

With the Dow Jones safely tucked in back down below 9000, and European exchanges losing 7% on average, the positive overall global effect of an unprecedented transfer of public funds to the private sector, to the tune of some $4.5 trillion, has lasted about a day and a half.

Prechter has cried wolf a few times in the last decade. But in the last few years EW has been right on target. So gotta give them props. They called it today when everyone else was saying "choppy weather".
But Stevie Wonder coulda seen this macro picture comming. If we're blaming this melt-down on prime imploding, then hang on to your hats as Alt A and prime/jumbo prime start to cave next year. Man, this may be the bear of all time. Wish I had the balls to really short it hard!!

Elliot should wave goodbye to the stock market because it is going bye-bye...

"Seeing is believing" theory works for me lol