Description: WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely.

Source: NYTimes.com
 
Date: 07/02/2010

Link: http://www.nytimes.com/2010/07/04/your-money/04stra.html?ref=business

Questions for discussion:

• What do think of Elliott Wave Theory as a predictive tool?
• Summarize the key points made in this article.
• Given that Prechter’s directions for investing have not outperformed the market, how should investors view his approach to technical analysis?
• In general, what is your view of technical analysis as a tool for guiding investing?