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Don’t Buy the "Breakout", Sell It, Prechter Says

the wise move now is to sell this recent rally, says Robert Prechter, president of Elliott Wave International.

“I think we’re getting ready for another leg on the downside,” Prechter says, citing evidence of what he says are extreme levels of optimism. “Who taped this dick on my back??”’t-buy-the-%22breakout%

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