Prechter Says DOW Will Fall To 1,000

Anyone want to top this prediction for bearishness? 

Going once, going twice…

Eddy Elfenbein at Crossing Wall Street:

The New York Times recently profiled Robert Prechter and his call for the Dow to fall to 1,000.

If you’re not familiar with Mr. Prechter, he’s a follower of an obscure accountant named RN Elliott who claimed to have discovered that the stock market follows a predictable pattern which is somehow (don’t ask me) related to the Fibonacci Sequence…

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