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Just Prector .. He's been predicting doom all through out the bull market
we've been in including through nearly all of the tech bubble which would
have wiped out most people following his advice. He now admits to
under-estimating the length of wave C but only after no one had any money
left who had been believers. His view is that even though the
market makeup changes, people do not change but even that is flawed
because when he looks at the conditions in 1929, the people in that
market had an entirely different geographical and financial makeup than
today. There was no one world market.. no world economy, no
ADR's. Stocks were being purchased for .10 on the dollar. I
wasn't alive then but I don't believe there were mutual funds. So,
the players are vastly different, the game is different and the rules are
different but he doggedly sticks to his theme that it's all the same and
history will repeat itself. A view that has been extremely costly
to his followers.
Bob
At 12:39 AM 2/22/2008, you wrote:
Does this mean you're not a Prector fan or not an Elliot Wave fan?
Just curious if there is a distinction, and if so, why?
Thanks
In a message dated 2/22/2008 12:03:38 A.M. Eastern Standard Time,
bobskc@xxxxxxxxxxxx writes:
- Prector is still around huh? Every time the market sinks a bit,
his name returns to the media so it's not really surprising I
guess. By the time he was right about the markets from the '90's,
his followers had to all be busted but I guess there is a new crop
now.
- Bob
- At 10:31 PM 2/21/2008, you wrote:
- Download Free Elliott Wave Theorist (normally priced at
$29)
- EIliott Wave International is giving away one of Bob Prechter's most
recent Elliott Wave Theorists. You can read his publication free of
charge. Single issues are normally priced at $29.
-
http://www.elliottwave.com/a.asp?url="">
- No virus found in this incoming message.
- Checked by AVG Free Edition.
- Version: 7.5.516 / Virus Database: 269.20.9/1291 - Release Date:
2/21/2008 11:05 AM
Delicious ideas to please the pickiest eaters.
Watch the video on AOL Living.
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