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Stock market bulls - Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break
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11 Aug 2009 8:13 PM
ok, this is one guys opinion, and he has been wrong before it seems, but I tend to agree that the economy is not out of the woods yet.
The big question is whether the rally is over," Prechter says, suggesting "countertrend moves can be tricky" to predict. But the veteran market watcher is "quite sure the next wave down is going to be larger than what we've already experienced," and take major averages well below their March 2009 lows.
Last modified: 11 Aug 2009 8:13 PM | Deleted user
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