Elliot Wave: Faber Versus Mish and McHugh

I am agnostic about Elliot Wave stock charting.

But, as I see it, there are two basic views of those who follow Elliot Wave.

On the one hand, Mish and McHugh think we might be on the verge of a major wave c down crash.

What does this mean?

Basically, a second major leg down in the stock market, just like the second leg down of the Great Depression.

On the other hand, in various recent interviews, Marc Faber – who also follows Elliot Wave – believes that (with some corrections along the way) the market will go up for the next 3-4 years. He then believes the entire capitalist system will crash, but that’s another story.

So will we get a major wave C down crash in the near future, like Mish and McHugh think will probably happen?

In 3-4 years, as Faber thinks will happen?

Or not at all?

I don’t know. But I think the spectrum of opinion from smart people is fascinating.

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