Jim Puplava Interviews Bob Prechter

Great Interview....

http://www.netcastdaily.com/broadcast/fsn2012-0322-1.mp3

Under the hood of the market....not a pretty picture

The market has now risen over 32% from its October 2011 low of SPX 1074.77 to an intraday high of SPX 1422.38. The Transports are diverging with the DOW. The Transports have not confirmed the DOW's rise above its May 2011 high. We have potential divergence setting up on a monthly basis. Volume has been declining since the rally began last October. In addition, the entire rise since March 2009 looks like a rising wedge, and we have a more pronounced rising wedge since October 2011. This bear market rally has now gone on for over three years, and it looks like its about to come to an abrupt end. The end of this cycle wave B Bear Market Rally and the return of the larger bear market that began in October 2007 should be imminent. Very few believe it is a bear market rally anymore. This is to be expected at the top of a cycle B wave.