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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (114257)7/25/2001 2:45:54 AM
From: jeffsthoughts  Read Replies (1) of 436258
 
I think it was around May 22nd that Goldman proclaimed the Bear dead on CNBC heh heh.. I worked for AG Edwards in a former life. When I heard it, I went short.

While even a broken clock is right twice a day, to Mr. Prechter's credit, his Monday Short Term forecast said he expected the Dow to most likely sell hard and land on 10241 out of multiple scenarios on Tuesday or possibly Wednesday morning, with a further drop below that not entirely out of the question. Not only did he hit the number right on the nose, his prediction came after a heavy decline where most people were already looking for a bounce. Now if we trade down to his lower possible target in the morning and then head higher, I will start reading his updates a little more regularly!
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