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Is Prechter still playing drums in a rock and roll band? Seen
any Joe Granville predictions lately?? Great post!
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> From: Rick Mortellra <rmjapan@xxxxxxxxxxxxxxx>
> To: MetaStock List <metastock@xxxxxxxxxxxxx>
> Subject: BBullish Anyone?
> Date: Sunday, August 09, 1998 3:58 PM
>
> 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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