Robert Folsom, Elliott Wave International:
There's a lot to that message -- it requires all 10 pages in the January issue for Prechter to spell it out. I can mention the one part that really got my attention. Once in a while I'll see one of our analysts offer a forecast at three or four degrees of trend. I've very rarely seen one at five degrees of trend.
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What I've never seen or read is a forecast that involves a point in the pattern at six degrees of trend -- until now. Prechter's forecast does so in his January 2010 Theorist. He also makes it clear that this point in the pattern "should occur in 2010." Six degrees of trend, dear reader.
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Above I noted that you'd see more from last week's Financial Forecast. We describe it as A Tale of Two Charts ... With One Message. One of the above charts dates back to a period during 1929-1930; the other shows a more recent picture. Can you tell the difference? The data removed from these charts includes the labels, dates and prices (to which Financial Forecast subscribers are privy). That data shows the stunning correlation between the 2009 rally to date and the first bear-market rally of the Great Depression.
Bob Prechter's just published Elliott Wave Theorist and the recent Elliott Wave Financial Forecast (which includes the complete versions of the above charts) come with your risk-free, deeply discounted subscription. Plus, subscribers today will get instant access to six other still-prescient archived Theorist and Financial Forecast issues.
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