In the EWT letter dated April 2010, Robert Prechter is predicting the post crash rally peak to be over within the last two weeks.. or 4/26/10 at SnP 1219.80.
"...we can project a top on this basis between April 15 and May 7, 2010. April 16, by the way, marks the anniversary of the 1930 rally peak. These dates pertain only if the current rally matches its predecessor in percent-of-cycle terms, which is conjecture, but given all the other evidence it seems a reasonable expectation. By this scenerio, the market should peak within three weeks and then fall for six years." -- dated April 16, 2010
Saturday, May 8, 2010
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