"Prechter called the '87 crash using wave theory, but he also called for "the end of the great bull market" in 1995. Which was 5 years too early (ie. flat out wrong)."
He was in good company though - Greenspan's comment about "irrational exuberance" was in 1996, when the Nasdaq was around 1300 compared to its peak over 5000.
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"Prechter called the '87 crash using wave theory, but he also called for "the end of the great bull market" in 1995. Which was 5 years too early (ie. flat out wrong)."
He was in good company though - Greenspan's comment about "irrational exuberance" was in 1996, when the Nasdaq was around 1300 compared to its peak over 5000.