Pretchet nos dice:
The stock market as a whole has never accelerated upward at a market top. It often accelerates off bottoms, and it always accelerates in the center of a third wave; but it has always lost momentum in a fifth wave relative to the third wave.
In fifth waves of Primary and higher degree, commodities often accelerate upward before reversing. Recent examples include oil in 2008 and silver in 2011. The reason for the difference is that commodities peak on fear, whereas stocks peak on complacency.
Some people are arguing that the stock market has become “commoditized,” and that’s why it’s about to go into a parabolic rise. While we cannot say such an event is outright impossible, it’s never happened. One thing that does happen repeatedly in the stock market is for investors to raise their upside forecasts dramatically at a top. In 1999-2000, at the market’s true peak, books came out calling for Dow 36,000, Dow 40,000 and Dow 100,000.