In the August issue of his Elliott Wave Theorist, market
forecaster Robert Prechter alerted readers that the U.S. stock
market was slicing the neckline of a classic head-and-shoulders
pattern in technical analysis, and that this may send the market
into critical condition.
This article was syndicated by Elliott Wave International and was originally published under the headline Slicing the Neckline: When the Market May Go into “Critical Condition”.
EWI is the world’s largest market forecasting firm. Its staff
of full-time analysts lead by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
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