{"id":10109,"date":"2010-06-09T16:54:01","date_gmt":"2010-06-09T20:54:01","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10109"},"modified":"2010-06-09T16:54:01","modified_gmt":"2010-06-09T20:54:01","slug":"prechter-called-the-uptrend-out-in-april","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/09\/prechter-called-the-uptrend-out-in-april\/","title":{"rendered":"Prechter Called the Uptrend ‘Out’ in April"},"content":{"rendered":"

By Elliott Wave International <\/span><\/h3>\n

Even non-sports fans have heard by now about the recent debacle known as Baseballgate<\/em>.<\/p>\n

With two outs in the ninth inning, a first-base umpire called “SAFE” when the runner was clearly “OUT.” But this was no ordinary missed call; it cost Detroit Tigers pitcher Armando Galarraga a perfect game.<\/p>\n

And as the blogosphere flooded with memories of other historic slip-ups that cost “so and so” star “this and that” honor. Demands for the commissioner of baseball to reverse the bad call grew louder by the hour.<\/p>\n

It was indeed a very bad call. But the b<\/strong>iggest, b<\/strong>addest c<\/strong>all of all was not made on a sports field. It was made in the field of finance — specifically on the stock market. To wit: The mainstream umpires of finance stood near first base, and in April made this emphatic call for the uptrend in stocks:<\/p>\n

“SAFE!!<\/strong>”<\/p>\n

Call Your Own Shots — Remove Dangerous Mainstream Assumptions from Your Investment Process.<\/a><\/strong> Elliott Wave International’s FREE, 118-page Independent Investor eBook shows you exactly what moves markets and what doesn’t. You might be surprised to discover it’s not the Fed or “surprise” news events. Click here to learn more and download your free, 118-page ebook.<\/a><\/strong><\/p>\n

In case you missed the event, here’s an instant replay:<\/p>\n