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??”
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.