Wednesday, September 29, 2010
Morning Update - Prechter Popped up Again on CNBC
Above is a video of a Maria Bartiromo interview with Prechter on CNBC that's dated Monday, September 27th, 2010. She holds his feet to the fire a bit by continuing to ask him about his Dow below 1,000 call. Check out and let us know what you think about the interview, and Prechter in general, in the Elliott Wave Forum. Thanks!
The financials are lagging this rally badly. They failed to break above their August highs with the rest of the major indices, and they even failed miserably to break above its September 21st highs. As long as this continues, it's a huge warning sign for this market. The market cannot sustain a long bull run without financials. Period. Still watching the euro....
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.