Bob Prechter

[readmymsg]

What do you guys think about Bob Prechter and his Elliott Wave thing?
He says there will be a big downturn soon, worse than the 2008 one.
Opinions?

[Peter Hansen]

Wave it GOODBYE

What do you guys think about Bob Prechter and his Elliott Wave thing?
He says there will be a big downturn soon, worse than the 2008 one.
Opinions?

KISS Keep It Simple..... Why go throug all those machinations , simply pick stocks at 52 weeks highs , going up at a nice 45 degree angle!

[steelman]

Not sure who that guy is, but I was at a TD AMeritrade workshop a few weeks ago. They kept talking about Meredeth Whitney and that she thinks we haven't hit bottom yet and 2010 will be worse for the market.

[skiracer]

What do you guys think about Bob Prechter and his Elliott Wave thing?
He says there will be a big downturn soon, worse than the 2008 one.
Opinions?

Elliot Wave Theory is a very strong tool. learning to use it to your benefit takes alot of time and work. once you have a grasp on it's concept you will see what I am talking about. one thing about the concept is that if you had a dozen people who looked at the same chart and applied Elliot Wave Theory to that chart you most likely would come up with a dozen different interpretations on what that chart is telling them. the best thing you can do is to pick up a book on Elliot Wave Theory and read about it and apply your own thoughts to charting patterns. the more you do this and the more times your right or wrong the higher the chances are that eventually you will begin to get it right. then the tool will become useful. if you arent ready to spend the time reading and applying what you read and think will happen then you're wasting your time and probably would be better off throwing a dart to make your trades.