Monday, August 17, 2009

Robert Prechter On CNBC Today...

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Elliott Wave International's Robert Prechter appeared on CNBC into a market close today that saw a 186-point slide in the DJIA. He is turning bearish on U.S. stocks.

Prechter called the bottom of the collapse in stock prices from the October 2007 high in late-February of this year as chronicled in this blog.

Now the question is: Have we passed the top of the Primary wave-2 bear market rally? And, if so, are we going to crash into October?

Here's Prechter's August 11th interview on TechTicker:

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