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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Thomas C (Hijacked) who wrote (32013)	10/19/1998 7:27:00 PM
From: Haim R. Branisteanu	Read Replies (5) \| Respond to of 94695

What Prechter actually said was that the market behaves very similar to previous crashes and that the whole issue of "long term investor" is misleading. Prechter also told CNBC that people should take this opportunity to liquidate their portfolio. After barely finishing this sentence they finished abruptly his interview without even giving him a chance to explain why. Instead they bring up this guy from Florida who maintains that the bear is over based on .... guess what?? TA !!! Such a crap from CNBC, if the guy from Florida is bullish based on TA then why not entertain Prechter who is bearish based on TA. Aside since wen fundamentals matter at all ?? If the market goes up the market is right if it goes down then people just panicked, so hold tight. <gggggg> Haim

To: Thomas C (Hijacked) who wrote (32013)	10/20/1998 6:34:00 AM
From: GROUND ZERO™	Respond to of 94695

Thomas, I don't think they were rude to Prechter, he had plenty of time to make his case and they were actually very respectful to him. The problem was that after several moments and a good conversation up and back, the network had time restraints. Bill Griffith apologetically interrupted and advised Prechter that they were running out of time. Apparently, Prechter didn't hear that and he kept talking. They waited for him to finish his sentence and then they thanked him for appearing. Prechter basically said that when the markets were declining last month, he was "disturbed by the monotone advice of advisors to hold on and just hang in there because things will get better." He said, "I saw that the investors were trapped." He explained that he was glad to see this rally and that "this rally is a great opportunity for those investors to get out gracefully." GZ