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Saturday, September 5, 2009

Fresh from the Desk of EWI

Prechter Stands Alone Again... He's Done the Math

September 4, 2009

By Neil Beers

So Bob Prechter is bearish again.

That may be no surprise to some, but recall that Prechter was about the only bull on February 23 of this year when he covered the short position he had recommended on July 17, 2007. That was nearly two years later and 800 points lower in the S&P. And the Daily Sentiment Index (DSI) reading for the S&P had gotten down to only 3% bulls!

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