tueday - mmmm...., page-24

You have to be willing to look both ways, heres a bit about Prechter

During the 1980's Robert Prechter become an influential guru and even quit his position at Merrill Lynch
Intial predictions for the 80s were uncannily accurate in that he predicted a major bull to rise to 3,600 after a rest at 2700. He kep his investors fully invested til october 87
Tarnish set in after oct 87. to prechters credit, he did say that there was a 50/50 risk of a 10% decline in the market on oct 5 87, when the dow was selling at 2600 level, and he advised traders and investors of short tem outlook to sell. Institutional investors were advised to hold on for the ultimate target of 3686 ( which didnt come) After the crash it went ot 2000
Prechter remained bearish and predicted the great bull was over and the dow would hit 400 by the early 90's. By not advising to re purchase prechter missed out on the entire bull market of the 90's
He regained some following again after the ealry 2000's meltdown .