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Re: Robert Prechter's forecast



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Onno,
          which barrons did u get that from ? I'd like to pick up a copy if it's
current.
          Jack

Onno Goedknegt wrote:

> >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."
>
> At 09:27 AM 11/4/00 -0600, you wrote:
> >I seem to recall that Prechter wrote a doom-and-gloom book a few years ago
> >predicting a massive decline in the markets. Of course, it didn't happen.
> >If he keeps predicting big declines, sooner or later he'll be right.
> >However, I don't think that he, or anyone else, can predict the future with
> >accuracy. If he really could, why would he waste his time writing
> >newsletters? He would be richer than Bill Gates.
> >
> >That's just my opinion.
> >
> >Tom
> >
> >At 02:19 PM 11/4/2000 +0100, you wrote:
> >>More about Robert Prechter at: http://www.elliottwave.com
> >>
> >>
> >>At 09:32 PM 11/3/00 -0500, you wrote:
> >> >I just received Oct's copy of "The Elliott  Wave Theorist" by Robert
> >> Prechter.
> >> >I've heard nothing but good things about Prechter but know very little
> >> of his
> >> >past
> >> >predictions on the markets..
> >> >He's calling for a decline in the financial markets that isn't expected to
> >> >bottom until 2003 - 2004 .. he mentions July 4 '04 as a likely target for a
> >> >bottom.
> >> >If anyone has knowledge of Prechter's past predictions and how credible he
> >>is or
> >> >
> >> >isn't please let me know.  I specifically heard a rumor that he was
> >> bearish in
> >> >'98
> >> >and missed the bull market.... I find this hard to believe but I thought
> >>I'd ask
> >> >anyway.
> >> >                           thanks ,
> >> >                                     Jack
> >> >
> >> >Lionel Issen wrote:
> >> >
> >> >> Yes, please tell me how I can get a copy.  Do you have the isbn# and
> >> name of
> >> >> publisher?
> >> >> Lionel Issen
> >> >> lissen@xxxxxxxxx
> >> >> ----- Original Message -----
> >> >> From: "Jack Assante" <Blastoff@xxxxxxxxxxx>
> >> >> To: <metastock@xxxxxxxxxxxxx>
> >> >> Sent: Friday, November 03, 2000 4:40 PM
> >> >> Subject: Re: COHR
> >> >>
> >> >> > "Profits in the Stock Market" H.M.Gartley. I can even tell you how
> >> to get
> >> >> a
> >> >> > copy if interested.
> >> >> >                 Jack
> >> >> >
> >> >> > Lionel Issen wrote:
> >> >> >
> >> >> > > Gartley probably refers to the author of a book published about 30
> >> years
> >> >> > > ago. Does anyone have the title of Gartley's book?
> >> >> > > Lionel Issen
> >> >> > > lissen@xxxxxxxxx
> >> >> > > ----- Original Message -----
> >> >> > > From: "David J" <magnatizer@xxxxxxxxxxx>
> >> >> > > To: <metastock@xxxxxxxxxxxxx>
> >> >> > > Sent: Thursday, November 02, 2000 9:32 PM
> >> >> > > Subject: Re: Re:COHR
> >> >> > >
> >> >> > > > This link has two charts.  The top chart is a bull Gartley and the
> >> >> bottom
> >> >> > > is
> >> >> > > > a bear butterfly
> >> >> > > >
> >> >> > > > http://www.harmonictrader.com/charts.htm
> >> >> > > >
> >> >> > > > Both patterns contain ABCDs and a X starting point.  In a gartley D
> >> >> stops
> >> >> > > > within a retracement level of XA.  In a butterfly D extends past X.
> >> >> > > >
> >> >> > > > David
> >> >> > > >
> >> >> _________________________________________________________________________
> >> >> > > > Get Your Private, Free E-mail from MSN Hotmail at
> >> >> http://www.hotmail.com.
> >> >> > > >
> >> >> > > > Share information about yourself, create your own public profile at
> >> >> > > > http://profiles.msn.com.
> >> >> > > >
> >> >> >
> >> >
> >