The current issue of the Theorist shows the result of Prechter's most recent research into what that "Big Picture" includes. An depth study of an array of time cycles; each one is relevant to the how and when of what stock market prices will do from now until the year 2016; and also a technical analysis study that suggests the rally from March 2009 is over.

"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."

This current issue of The Elliott Wave Theorist recognizes the optimistic sentiment that blankets the financial world which includes headlines such as Time magazine prompting 20 and 30 year-olds to use ALL their retirement savings to buy stocks on margin.

We have managed to secure Full and Free access to the current issue of this timely report for our readers.

Get your FREE copy of Prechter's latest research -- Download the Current Issue of the Theorist now.

Best Regards

Nadeem Walayat

Editor, The Market Oracle.

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