Dow Downfall: Index to Fall Below 1,000 says Prechter on CNBC

[JustPlainPainting]

This guy is an idiot - all who follow him deserve every penny they lose following his stupid advice. If you bought into the market the day he said this drivel - you'd be up 20% right now!

[nafreehc]

If you look at rising debt and the declining value of virtually every currency in the world, what IS the Dow at in relation to the late what it was in the late '90's? I think Prechter has been right when it comes to real value and wrong only in the sense that the measuring sticks (fiat currencies) have been in constant decline.

[Zuppos123]

If you listen to people like Prechter, you might as well put you money in a mattress. He was terribly wrong in this video too which is typical. He said to stay out at Sept 2010, only to see the DOW climb 200 points. Elliotwave, fractal stuff is mainly just garbage. These people are like most people, when they're right, they become blowhards but when they're wrong, you don't hear a peep from them.

[superhawkn]

Bull crap only 1 percent own silver and gold wait until 39 percent own it then sell little bit off

[sharetipsinfo100]

Hi,

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[nategiz95]

We are in for another crash. August 8th was not a substantial crash. Look at finance . yahoo . com, DJIA 5 Year chart shows an head and shoulders pattern top before the crash of 2008, and a head and shoulder pattern top starting at Jan 3rd and ending in early august. I have done extensive research, and with the right conditions we can expect the DOW to plummet to 6 thousand easy, bottoming around 4 thousand.

[HillcrestCapital]

GOOD INSIGHT, BUT DOW BELOW 4000 WILL NEVER HAPPEN. IF IT DID BOEING 3M ECT WOULD BE REVVED UP FOR WAR TIMES.

[AlMori1]

glenn neely is better elliot wave analyst and he can do better job than bob prechter..... just my oponion

[aardvaark069]

Ummmm. Oops?

[TradersPlace]

Expecting Stiff resistance around 12000 areas for whole of 2011 in Dow, its 11,533 as I write this. Move below 7000 most likely before 2012.

Jayesh Gala (CFTe)

TradersPlace.in

[StockMarketFunding]

Stocks started their reversals, the dow was down 142 points off its intraday lows. It was relatively bullish intraday when those lows held and there were some great short term trades of the lows. After those reversals they made great shorts. Long term we'll see if we crash and there were a large amounts of put options purchased on the S&P 500 we had highlighted on September 14, 2010, 3:16 PM

[UPSIPO]

@ednan9 5 posts on this board so far. All of them hate messages. Talking about the Book "Satanic Verses" written by Solomon Rusdi... I say good muslims are dead!

[ednan9]

@UPSIPO ha ha...change id...and now usipo..you stupid romanian donkey....

[straty01]

No mention of gold Bob? Why is that?

[UPSIPO]

@straty01 Because Prechter screwed up on Gold big time as well. According to Prechter Gold should have already gone down to $400 and oil will go down to $10.

[ednan9]

@straty01 he is bearish on gold. His predictions are long term...short term he can be dead wrong....and he can be wrong long term too....forecasting markets is not a 100% probablity...so my two cents are that listen arguement but don't pay too much attention to the predictions

[PrechterRobert]

One thing is for sure @Ednan - when Robert Prechter talks bearish - markets go up, and people lose money. (UPSIPO said about you @ednan9 - that you are dead muslim faggot dirty pakistani. It seams he was right, but maybe he is wrong - maybe you are a Phd in Economics? Are you?).

[ednan9]

@PrechterRobert looks like i rile you... ha ha...you are changing ids to respond...what a loser you are you piece of shit....get lost a-hole fat romanian donkey...ha ha

[PrechterRobert]

@ednan9 Thanks for kissing my ass you , Doctor in economics. Seams like no matter how bad I am doing your nose is still brown and stuck to my ass.

[ednan9]

@PrechterRobert ha ha...a new id...with precther robert..come out you fake bastard USIPO or SGRLLL...or whaever you are you stupid romainan donkey... ha ha

[ednan9]

cnbc yet again putting words in robert precthers mouth....he didn't say dow 1000...just substantial....oh maria, maria....

[ednan9]

ha ha.....whether bob precther's predictions come true or not. I predict a fat romanian donkey USIPO or could be from another id sgrll, or something will join this forum and try to smear bob precther by calling him liar or thief. Pay no attention to this anti-semitic donkey and his stupid comments, he lost all his money trading short term options and now blames precther....

[PrechterRobert]

@ednan9 Antisemitic is hating Jews, you seam to be a muslim, I heard good ones are dead. Are you dead?

[ednan9]

@PrechterRobert I heard fat romaina donkeys also hate jews...anyway, yor fat donkey - your wife left you for a saudi arabian cause you are broke, your are stupid man who cannot comprehend logic and traded short term options and you probably have a muslim boyfirend, cause you always try to get fucked from them....at least that what you :)... ha ha