[quote=Shania Twain]

In summary, Robert Prechter has been mostly unsuccessful in applying the Elliott wave principle to time the U.S. stock market since 1985.

he is a con man.  he sucks [/quote]   I don't follow him closely enough to rebut everything you have put up here, but there are inconsistencies. That chart combines long-term with short-term forecasts and with this guy that won't work. I won't cop to him sucking, but I will say that he does contradict himself sometines.( as does everyone ) His short and long-term forecasts do not match. We must agree to disagree here. I am a bull and do not believe in what he says, however guys that play markets as long as prechter, russell, rayas,etc. and live to talk about it are not stupid and sure as hell don't suck.