Thread: The Coming Collapse of the US Middle Class (VIDEO)
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Old 08-10-2010, 06:29 AM  
wig
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Quote:
Originally Posted by maxxtro View Post
I think he has been talking about the "Grand supercycle" since the 70īs
Prechter is a loooongterm analyst. And he got the idea from Ralph Nelson Elliott.
http://en.wikipedia.org/wiki/Grand_supercycle
Yes, he has, but that included his and Frost's bull market prediction in 79. It's just that since the 1987 top, he has been wrong plenty. Like I said, I've know Bob since the 80's and I've watched him lose plenty of money trading.

Also, since Elliott Wave is a fractal, it is not just "loooongterm". And Bob makes plenty of money selling short-term trading advice using EW.
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