Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (31158)	10/10/1998 2:34:00 PM
From: Kip518	Read Replies (2) of 94695

GZ, regarding Prechter -- 2 years ago he call the top of the current market as being within 1 week either side of July 20th. His calls since July are shown on this chart elliottwave.com I am not a subscriber to his newsletter and don't follow him closely, but I wouldn't lump him together with Joe Granville as someone to ignore for past bad timing. He is a proponent of a compelling, but unforgiving, theory. As I see the argument, it is not simply that the dow is going down -- 2000 by this December to 400 by 2003 -- and, thereby, create great buying opportunities. But by the end of this cycle, a mere five or six years hence, the market will be destroyed, as will society as we know it. This message is too dire to take seriously. The night air, the music, the champagne are too delightful on this wonderful voyage of the Titanic.

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