Forum Archive Index - January 2003

["Capitalist" <capitalist@paradise.net.nz>]

Hi Brenda,

I agree with you. Prechter yet another fallen chartist seer who is still muttering irrelevancies about how the DJI will go to 1000 any day. His tarnish set in after October 1987 when he predicted that  by 1990's the DJI would go below 400 and that the bull market was over. A mortal wound for the guru.

Ruth

 

<<My own scientifically researched conclusion about Elliott Wave Theory is that it is overwhelmingly a load of technical propaganda rubbish, with many followers making it a self-fulfilling prophecy at times, but the people really making money out of it, are those who sell books and subscriber services. You only hear when they call the shots right, but rarely do they admit to being wrong, which is in fact, most of the time. Those who actually make money from EWT are lucky (like a pokie machine) but there are far more losers than winners.