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Jim Stack reports on his hotline that the big Kahala is imminent. I no longer
have access to his Report since my subscription expired last month. With
remarkable prescience he perceived it coming well in advance. He went to cash,
and has remained so, since early 1994.
I'm sure that the legions that follow him are feeling very smug to have been
sitting in the safety of money markets compounding their fortunes at 5% a year.
Now the rest of us will suffer our just desserts for grasping for those risky
returns. He is in Ursa, Japan and Gold.
Steve Karnish wrote:
> Is Prechter still playing drums in a rock and roll band? Seen
> any Joe Granville predictions lately?? Great post!
>
> ----------
> > 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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