Stock Market Crash Alert

According to the best wave count using the Elliott Wave Principle, we may be entering "wave 3 of 3 of 3" down in the first intermediate wave of Primary wave 3 down. If correct, this is suggestive of a panic of some sort, particularly if the Dow 10K mark is decisively breached.



Please read Robert Prechter's most recent Elliott Wave Theorist investment letter so that the point I'm seeking to make is more clear.

In a nutshell, financial economists and Elliott Wave analysts (socionomists) are both right and wrong. According to the Efficient Market Hypothesis, investors are unemotional and rational and the stock market follows a "random walk" as only unexpected new information, exogenous forces, result in price movements ("news" is completely relevant). According to Robert Prechter, investors are highly emotional and irrational and the stock market follows a deterministic Elliott Wave pattern as endogenous forces, i.e., herd instinct (genetic determinism), shape general price movements ("news" is completely irrelevant):



I believe the explanation for market behavior is in between, i.e., general price movements in the stock market are shaped by the mass emotional responses (endogenous force) to changing external information (exogenous) force. That what results unfolds according to a deterministic wave pattern that apparently underlies perceived reality suggests that collective human experience and E-MOTION (energy in motion) and the associated process of social change over time is being shaped by an omniscient, omnipresent Creator. Furthermore, that the underlying Elliott Wave pattern of historical change is fractal-based establishes that this truly is a holographic universe (emerging scientific proof):







In other words, the following Biblical passage is true: "Woe to him who quarrels with his Maker, to him who is but a potsherd among the potsherds on the ground. Does the clay say to the potter, 'What are you making?' Does your work say, 'He has no hands'?" [Isaiah 45:9]



As for what the Creator is creating, I believe the meaning being spelled out for and by creatures in this "uni-verse" (one sentence = a unified form to express meaning) is true love, which unfortunately sometimes requires the discipline of the "Refiner's Fire":



The question is whether or not man will at last "get it" at this critical historical juncture.