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Bob, I just wanted to compliment you on the eloquence of
your comments.
You obviously have a deep understanding surrounding
realities of these
statements, and the consequences of being pedantic.
People who write letters
for a living don't need to be flexible and change when
market change: traders
do if they are to survive.
Chas
-----
On Fri, 22 Feb 2008 10:35:38 -0500
BobsKC <bobskc@xxxxxxxxxxxx> wrote:
>
> 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=/club/free-theorist.aspx?code=aff&cn=6tgt
>
>
> 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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