19/08/2011 – See Prechter’s “FREE FALL TERRITORY” Chart for Yourself

Please note that on the day this chart published (May 16), the

Dow closed at 12,987 — barely eight percent below

the Dow’s all-time high of the previous October.

Yet, as you can also clearly see, Prechter labeled the

white space below the May 2008 price level as “Free Fall Territory.”

At the time, no one else dared to publish such

a bearish forecast. This was before the Lehman

bankruptcy, the bailout binge, the home foreclosure crisis, and

certainly before the worst of the stock market collapse.

In his June 2011 Theorist, 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.

Prices go back to the 1930s. The scale

of the white space surrounding this chart’s “free fall territory”

label will show you what Prechter truly means.

His commentary in that issue also observed that

“the

March-April [2011] rally was one of the most passionate bouts

of stock buying I have ever witnessed.”

Bob Prechter made this observation not in admiration, but as

a warning.

In the past three weeks, the Dow Industrials have plummeted nearly

2,000 points. Most investors are confused and scared. How

far down will the decline travel? Will it end tomorrow

or go on for years?

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.

And — get Bob Prechter’s August Elliott Wave Theorist.

It includes “many dozens” of charts. Bob will also record this

Theorist as a rare “video issue” — you’ll be able to

watch and listen as Prechter himself presents all the content.

Also — as part of the same package, you get the August issue

of our Elliott Wave Financial Forecast

— you’ll see and read about the latest big picture in stocks,

dollar, gold and more.

SAVE 57% with this LIMITED-TIME OFFER: See what we see next for the markets now via this instant-access discount subscription offer.