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Re: Robert Prechter's forecast



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I seem to recall that Prechter wrote a doom-and-gloom book a few years ago 
predicting a massive decline in the markets. Of course, it didn't happen. 
If he keeps predicting big declines, sooner or later he'll be right. 
However, I don't think that he, or anyone else, can predict the future with 
accuracy. If he really could, why would he waste his time writing 
newsletters? He would be richer than Bill Gates.

That's just my opinion.

Tom



At 02:19 PM 11/4/2000 +0100, you wrote:
>More about Robert Prechter at: http://www.elliottwave.com
>
>
>At 09:32 PM 11/3/00 -0500, you wrote:
> >I just received Oct's copy of "The Elliott  Wave Theorist" by Robert 
> Prechter.
> >I've heard nothing but good things about Prechter but know very little 
> of his
> >past
> >predictions on the markets..
> >He's calling for a decline in the financial markets that isn't expected to
> >bottom until 2003 - 2004 .. he mentions July 4 '04 as a likely target for a
> >bottom.
> >If anyone has knowledge of Prechter's past predictions and how credible he
>is or
> >
> >isn't please let me know.  I specifically heard a rumor that he was 
> bearish in
> >'98
> >and missed the bull market.... I find this hard to believe but I thought
>I'd ask
> >anyway.
> >                           thanks ,
> >                                     Jack
> >
> >Lionel Issen wrote:
> >
> >> Yes, please tell me how I can get a copy.  Do you have the isbn# and 
> name of
> >> publisher?
> >> Lionel Issen
> >> lissen@xxxxxxxxx
> >> ----- Original Message -----
> >> From: "Jack Assante" <Blastoff@xxxxxxxxxxx>
> >> To: <metastock@xxxxxxxxxxxxx>
> >> Sent: Friday, November 03, 2000 4:40 PM
> >> Subject: Re: COHR
> >>
> >> > "Profits in the Stock Market" H.M.Gartley. I can even tell you how 
> to get
> >> a
> >> > copy if interested.
> >> >                 Jack
> >> >
> >> > Lionel Issen wrote:
> >> >
> >> > > Gartley probably refers to the author of a book published about 30 
> years
> >> > > ago. Does anyone have the title of Gartley's book?
> >> > > Lionel Issen
> >> > > lissen@xxxxxxxxx
> >> > > ----- Original Message -----
> >> > > From: "David J" <magnatizer@xxxxxxxxxxx>
> >> > > To: <metastock@xxxxxxxxxxxxx>
> >> > > Sent: Thursday, November 02, 2000 9:32 PM
> >> > > Subject: Re: Re:COHR
> >> > >
> >> > > > This link has two charts.  The top chart is a bull Gartley and the
> >> bottom
> >> > > is
> >> > > > a bear butterfly
> >> > > >
> >> > > > http://www.harmonictrader.com/charts.htm
> >> > > >
> >> > > > Both patterns contain ABCDs and a X starting point.  In a gartley D
> >> stops
> >> > > > within a retracement level of XA.  In a butterfly D extends past X.
> >> > > >
> >> > > > David
> >> > > >
> >> _________________________________________________________________________
> >> > > > Get Your Private, Free E-mail from MSN Hotmail at
> >> http://www.hotmail.com.
> >> > > >
> >> > > > Share information about yourself, create your own public profile at
> >> > > > http://profiles.msn.com.
> >> > > >
> >> >
> >