RE: RE: Financial Holocaustbut unlike Prechter - I am not so arrogant as to promote such an allencompassing and iconoclastic ego. There are and will be alternativescenarios to Prechter's pompus and pedantic predictions.
Coastal,
The article was written by Clive Maund not Robert Prechter. As far as the charts are concerned, I would have to agree with the author. The market is setting up for a fall. It all depends on whether another little PIIGy will ask for a hand out. China too is looking bearish. Granted silver and gold are still bullish, but if everyone panics at the same time, there will be a stampede for the exits, taking PM down with it. If the IMF shove trillions of dollars into the mouths of the little PIIGys BEFORE there is another panic, then the problem is solved. Of course what is the chance of that happening?
Wiz
BTW, Prechter was preaching that the DOW could go as low as 1500 according to his Elliot Waves, now that is scary!