Victortrader left a comment in my previous post which I think one should read. Better yet, check out his blog at Elliott Wave Trader and specifically this post, which is a very good read.
I specifically like the link he provided on an LA Times article titled, "Armageddon for Stocks Nigh, Says Guru Prechter". This piece was written on June 11, 1993 by Tom Petruno.
For those new to EW and have bought into a "Primary Wave 3 bear crash is upon us" should read this article. Once again, I'm not saying it can't happen but it may not just be upon us as so many have been hoping for over a year.
Best to your trading!
