This Chart Is Proof That Richard Russell's Crash Prediction Will Come True

The Business Insider ^ | 5-18-2010 | Joe Weisenthal

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This Chart Is Proof That Richard Russell's Crash Prediction Will Come True

Joe Weisenthal
May. 18, 2010, 1:26 PM

Earlier we brought you the latest alarming comments from noted Dow Theorist Richard Russell, who is advising people to sell everything they can, ahead of a radical change in America.

You think that's hyperbolic and ridiculous?

Well consider this, from a reader, who writes:

I've been watching the charts and listening to Bob Prechter and we are in a wave C down cycle that will be very swift and steep.

Now are you convinced?

[snip]

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The original article is posted here:

Richard Russell Dow Theorist: Sell Everything Liquid, You Won't Recognize America By The End Of The Year

[Red Badger]

Yeah, I'm convinced.............

[Pessimist]

“Now are you convinced?”

Well! Now that you have a chart for positive proof, how could I not be. :)

[beebuster2000]

call me when the D wave hits. i never panic at C.

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Stock Market Historic Crash, A Warning Shot Across Our Collective Bow

[Kartographer]

The chart is all Greek to me, but then I guess that does prove the point then dosen’t it.

[RexBeach]

“Head for the hills!!! It’s a C Wave!!!”

[quadrant]

The only Richard Russell that I know is the late US Senator from GA; but if this fellow is as good a stock market prognosticator as RR was a US Senator, one should heed the predictions.

[Matchett-PI]

Let’s not forget that old saw the lemmings follow: “Sell in May and Go Away” (until November when we start the cycle all over again)

[nina0113]

And do what with the money? Run away and join the circus?

Pay off your debts, plant a garden, buy durable goods.

[Berlin_Freeper]

Why does he insist we “tell our friends”...?

I find it hard to believe he could care what I told my friends.

If a person was trying to sow panic, they would have you panic your friends.

[attiladhun2]

Also, get a gun and buy plenty of ammo.

[Kartographer]

If they are trying to sow panic they are doing a good job of it!

Dow Jones Industrial Average(DJI: ^DJI)
Index Value: 10,564.38
Trade Time: 1:53PM EDT
Change: -61.45 (0.58%)
Prev Close: 10,625.83
Open: 10,625.45
Day’s Range: 10,550.10 - 10,718.86
52wk Range: 8,057.57 - 11,309.00

[ConservativeMan55]

bttt

[nina0113]

I no longer discuss that openly. I’ve pleaded with all my family to get ready for the rain, but I’m the crazy survivalist. All I can do anymore is try to stockpile enough to get us all through one winter - after that, there’ll be enough open land due to starvation (sorry, neighbors!) to subsistence-farm.

[Para-Ord.45]

Ames on May 18, 1:55 PM said:

Joe’s going long Pampers.

[Disambiguator]

Pay off your debts, plant a garden, buy durable goods guns and reloading equipment/supplies.

Fixed. :^)

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[nina0113]

Those ARE durable goods. Also shovels, hand tillers, etc.