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Prechter Says Elliott Wave Five Is Coming

Go to Yahoo to read and see video interview of Robert Prechter here.  He is following up on his call at the end of February for a 50% (+/-) rally with a new call, as of Monday, for a huge "wave five" market collapse, going way below the March 9 lows.  He hedges on the exact timing, but is not hedging on the direction or the generally large magnitude.

Prechter also sees a rally in the dollar as stock markets decline.