Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: Box-By-The-Riviera™ who wrote (3861)	12/18/2003 8:30:29 PM
From: fedhead	Read Replies (5) of 4905

Prechter was discredited in the 1990's bull market by turning bearish too early in 1995. Anyone who followed him would have missed the biggest gains in their lifetimes. What makes you think he is not too early yet again ? The markets have given no indication of rolling over and today we had a Dow Theory confirmation with both the Dow and the Transports hitting new highs. Oil and gas stocks are hitting multi year highs. Doesn't sound deflationary at all. How reliable is this Elliott wave stuff anyway ? I have seen this wave guys always rationalize their mistakes with an alternate wave count. Interesting theory but not tradeable IMO. Thanks Anindo

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