Tuesday, February 23, 2010

The Coming Plunge, Now in BusinessWeek

Whether due to the slow apprehension descending upon US public, or perhaps a fast apprehension descending on news editors following today's, uh, plunge, , it's interesting to note Prechter's December ?) prediction made it to BusinessWeek by late February, as now it seems to be validated by several pundits (on top of the chart).

S&P 500 May Plunge in Last Elliott Wave: Technical Analysis - BusinessWeek

S&P 500 May Plunge in Last Elliott Wave: Technical Analysis - BusinessWeek: "Feb. 23 (Bloomberg) -- The U.S. stock market may be at the last stage of a retreat that will drive the Standard & Poor’s 500 Index below a 12-year low it reached last year, according to an Elliott Wave analysis by StockCharts.com."

Other notables who recently share the view include:

Richard Lehman
whoi seems to spot a channel break
Lehman's Channel analysis in StockCharts.com

A Part of NY
An honest view
http://www.apartofny.com/

Garry Shilling (from Jesse Felder)
"It's all just one big trade"
http://jessefelder.posterous.com/gary-shillings-one-big-trade

Robert Reich
Predicts a correction in 2010
Commonwealth club TV

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