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Title: Total Nonsense.
Review: Don't read this garbage. Robert Prechter has done a great deal of disservice to America, by spreading nonsense material which has no real foundation on modern economic and financial theory. People will get hurt by following this nonsense. It is sad that in this enlightened new millenium, some people will still listen to people like him. Everyone lost money in the stock moarket in the last two years, including myself, but in retrospect the public was blind not to see the coming tech wreck in 1999. But the equity market will recover sooner or later. Prechter is overdoing now, with no theoretical foundation. He will hurt a lot of unsophisticated readers, and undermine our society.
