[RT] For the record

[Gwenael Gautier <ggautier@xxxxxxxxxxx>]

Those of you looking at Elliott may be interested by the following:

Prechter turned bearish on yesterdays market break. After a bullish
stance over november december, the Elliott analysts see the 11500+ top
(which fell short of the 11800 target) as probably a wave 5 top from the
october 98 low, itself probably a wave 4 low.

There is nothing supporting a further rise except psychology which was
the major positive fuel so far, however this may have turned negative
yesterday.

Notwithstanding sharp correction along the way, according to them
markets should hence witness further weakness for some time. On the
Nasdaq in particular there is quite some room according to them.

FWIW.

Gwenn