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Sure expect a bear Market but not Prechters bear.......
Neely , Prechters opposite who predicted the dow much more precisely
(Prechter has had to eat his words) doesnt have any DOOMSDAY of such
propotions .....
I believe Bob Prechter will have to eat his words again.
Rick Mortellra wrote:
> Watching guy this self-immolate over the last 10 years is always great
> fun.
> >From Barrons:
>
> "Robert Prechter, the el supremo guru of the 'Eighties, whose Elliott
> Wave
> technical system has caused him to fire mostly blanks in the past
> decade. In
> any event, he claims that a bear market has begun that pushes the Dow
> below
> 4000, perhaps by the end of December. And before the bear market
> finally
> bottoms out in 2003 or 2004, a nuclear winter will descend on Wall
> Street,
> sending the Dow reeling into the realm of "triple digits" (i.e., below
>
> 1000). "Markets move on predictable waves in mass psychology and not
> policy
> mechanics," he asserts. "Thus, one should get ready for the biggest
> bear
> market in our history."
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