среда, 14 марта 2012 г.

Analyst expects bull to return

Robert Prechter, the market guru who advised his clients to sellimmediately after the Dow hit its all-time high of 1,909.03 on July2, has now turned bullish again, following the Dow's roughly140-point decline. "This is a super time to buy," he tells me.

Prechter thinks the Dow will drop to 1,720 at most, and hepredicts the market will resume its upward trend within two weeks.He sees a potential rebound to 2,000 before a stiff selloff in thefourth quarter knocks the Dow back to the 1,700s. Prechter thenlooks for …

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