Here is more from another guru--in our "archives" now to see how he does: >>As many of you know by now, Robert Prechter of Elliott Wave International said he "seen enough" in today's market action to recommend to go 200% short. Now mind you he reminded his readers that there is of course risk involved in doing so.
To be clear, I am not making any investment recommendation as I am just reporting what Prechter said. Because after all, I really don't run a trading sight here per se. I am just a blog stating a daily opinion and posting pretty charts. Due diligence on each's part is required.
Say what you will about Prechter, a 200% leveraged short position by a man who once won a big time trading competition is not to be ignored.<<