Stock Market Panic "A Deadly Bearish Big Picture"
Stock-Markets / Financial Crash May 20, 2010 - 08:17 PM GMT"A Deadly Bearish Big Picture"
That's the headline Robert Prechter gave to his just-published Elliott Wave Theorist. You can read that entire 10-page issue right now -- for FREE!
Continue reading to learn more or Get it Now.
Headlines are usually about what happened already, but Prechter's headline is about what happens next. It goes beyond providing information. Yes, he wants you to see what he sees -- but Prechter's purpose is to provide you with a forecast so that you'll be prepared.
So please consider the top headline once again.
If you've read any of Prechter's books or heard him in an interview, you know that overstatement is not his style. When he says the "Big Picture" is "Deadly Bearish," that is exactly what he means.
This issue of the Theorist shows the depth of Prechter's recent research into what that "Big Picture" includes. The array of time cycles he explains is nothing short of amazing; each one is relevant to the how and when of what stock market prices will do from now until the year 2016.
And make no mistake, this April issue of The Elliott Wave Theorist fully recognizes the extraordinarily optimistic sentiment that now blankets the financial world. Truth is, the evidence is everywhere -- you just have to know where to look. Did you know that Time magazine quotes two professors who are telling 20- and 30-year-olds to use ALL their retirement savings to buy stocks on margin?
This is exactly the type of one-sided evidence that covered the financial world back in February of 2009 -- except, of course, the extreme then led to a "deadly bullish" conclusion. Yes, that was precisely the month when Bob Prechter's Elliott Wave Theorist told subscribers to expect the stock market to turn bullish.
"As far as Elliott waves go, the rally since last March is totally normal. Two weeks off the low of March 2009, our Short Term Update published an upside target of Dow 10,000. So we knew a big rally was coming.
The August issue listed the range for typical retracement as being from 9368 to 11,620. This is a wide range, but there is nothing we can do about it; second waves have a lot of leeway. The illustration shown in that issue is reproduced below alongside an update of market prices. The Dow has so far stayed within the normal range."
Once again, find out why investors turn to EWI for a different perspective. It's better to be with it than without.
Get your FREE copy of Prechter's latest research -- Download the April Theorist now.
Thanks for reading,
About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private around the world.
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.