His long term projection is for the Dow to bottom out at 400 in 2014. Dow is currently sitting at..............10,609. Pretty hefty drop. Please take note Prechter is no monkey and is a member of the Triple Nine Society - people that have tested at or above the 99.9th percentile for IQ tests. Phew!
With markets always doing the unexpected and Prechter probably being seen as belonging to the lunatic fringe - there might be some substance to his doomsday forecast. My long term forecast for the ALSI is probably not too way off Prechters. The ALSI is en route to its long term support line in the next couple of years and that is still a fair way down.
Good Trading
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