{"id":23331,"date":"2011-08-20T16:11:43","date_gmt":"2011-08-20T20:11:43","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=23331"},"modified":"2011-08-20T16:11:43","modified_gmt":"2011-08-20T20:11:43","slug":"see-prechters-free-fall-territory-chart-for-yourself","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/20\/see-prechters-free-fall-territory-chart-for-yourself\/","title":{"rendered":"See Prechter’s “FREE FALL TERRITORY” Chart for Yourself"},"content":{"rendered":"

And see EWI’s long-term forecast in the updated “Free Fall” chart <\/span>
\n<\/span><\/h3>\n

By Elliott Wave International<\/span><\/h3>\n

In the May 2008 issue of his monthly Elliott Wave Theorist<\/em>, Robert Prechter showed this chart of the Dow Jones Industrials. As you can see, prices go back to the 1970s.<\/p>\n

\"\"<\/p>\n

Please note that on the day this chart published (May 16), the Dow closed at 12,987 — barely eight percent below<\/strong> the Dow’s all-time high of the previous October.<\/p>\n

Yet, as you can also clearly see, Prechter labeled the white space below the May 2008 price level as “Free Fall Territory<\/strong>.”<\/p>\n

At the time, no one else dared<\/strong> to publish such a bearish forecast. This was before<\/strong> the Lehman bankruptcy, the bailout binge, the home foreclosure crisis, and certainly before<\/strong> the worst of the stock market collapse.<\/p>\n

In his June 2011 Theorist<\/em>, Prechter published an update to the chart above, and here’s the major difference: The updated chart “telescopes out” by one full degree of trend.<\/strong> Prices go back to the 1930s<\/strong>. The scale<\/strong> of the white space surrounding this chart’s “free fall territory” label will show you what Prechter truly<\/strong> means.<\/p>\n

His commentary in that issue also observed that<\/p>\n

“the March-April [2011] rally was one of the most passionate bouts of stock buying I have ever witnessed.”<\/em><\/p><\/blockquote>\n

Bob Prechter made this observation not in admiration, but as a warning<\/strong>.<\/p>\n

In the past three weeks, the Dow Industrials have plummeted nearly 2,000 points. Most investors are confused and scared. How far down<\/strong> will the decline travel? Will it end tomorrow or go on for years?<\/p>\n

The answers to these questions are crucial to your financial health. You can still get ahead of the trend, but only if you prepare now. Read EWI’s long and near-term forecast. Get it in one comprehensive package — and stay ahead of the crowd<\/strong>.<\/p>\n

And — get Bob Prechter’s August Elliott Wave Theorist<\/em>. It includes “many dozens” of charts. Bob will also record this Theorist <\/em>as a rare “video issue” — you’ll be able to watch and listen as Prechter himself presents all the content.<\/p>\n

Also — as part of the same package, you get the August issue of our Elliott Wave Financial Forecast<\/em><\/strong> — you’ll see and read about the latest big picture in stocks, dollar, gold and more.<\/p>\n

SAVE 57% with this LIMITED-TIME OFFER: See what we see next for the markets now via this instant-access discount subscription offer.<\/strong><\/a><\/span><\/strong><\/p>\n

 <\/p>\n

\n

This article was syndicated by Elliott Wave International. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In the May 2008 issue of his monthly Elliott Wave Theorist, Robert Prechter showed this chart of the Dow Jones Industrials. As you can see, prices go back to the 1970s…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23331","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23331"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23331\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}