I ran a series of charts on the election year stock market trends, and this year was pretty much to form. What about the post-election market? PragCap provided this chart of the day, which shows it tends to underperform normal years.
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Prechter is now calling for Dow 3000 in 3 years!
Evidently he finally gave up on his Dow 600! LOL!
Posted by: Kwame Smetvulli | Wednesday, January 02, 2013 at 06:02 AM
Kwame:
Prechter has sure been getting knocked around lately. That last ewt was sure bearish, even for prechter. I wonder if his cycle work has really nailed down the impact of the FED and global central banks in general. They sure have taken over.
H
Posted by: Hockthefarm | Sunday, January 06, 2013 at 09:10 PM
Prechters line in the sand is Dow 10,800...
http://yelnick.typepad.com/yelnick/2010/01/prechter-recommends-200-short-again.html
Posted by: Anonymouse | Thursday, January 24, 2013 at 12:28 PM