Robert Prechter: Use Rallies to Short and Declines to Cover
Elliott Wave practitioner and author Robert Prechter was interviewed on CNBC this afternoon. He said investors have a once in a lifetime opportunity to make money in the coming collapse.
Prechter admitted the bounce off the 2009 low, which he characterized as a bear market rally, was more powerful than he expected.
Prechter said he had no interest in gold since it had already run from $253 to $1,800.
The CNBC video interview was not available at press time. Here is an excellent interview of Prechter on August 11, 2011 with some pointed questions from the Bloomberg host:
Prechter’s “Free Fall Territory” chart can be found at this link.
Another Prechter interview by Bloomberg can be found here.
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Elliottwaveman
August 12, 2011 at 2:54 pm
Thanks for updating the blog with that recent video interview by Keen. Very enlightening.
Jeffrey Finkelman
August 13, 2011 at 1:22 pm
People should look at old youtube videos of Prechter. They wouldn’t be so quick to lean on every word he says as he’s been predicting the collapse of society for years.