Prechter’s Prediction

1929 Crash PrechterYes, he’s still at it.  Robert Prechter continues to circulate this chart of INDU from 1929 reflecting similarities between that period and now.  Specificially, the bullish euphoria that the market just couldn’t go anywhere but up; then ending at the gap and turning dramatically down.  The rest is history.  I don’t know that I subscribe to revisiting the lows at this point but I do believe that $1123.00 will be our intermediate term top and I’ve got to give respect to Mr. Prechter.  There is no better worldwide at Elliott Wave [imho].

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