[bh_trade]

Ask Bob Prechter about predicting tops using Elliott Wave. Dude got bearish in 1997 and still is today. Of course Feb 27 was supposed to be the start of some great new bear market, but predictably his short-term analyst has slowly capitulated on the bearish view. 3 (not C) down was *supposed* to be confirmed starting on 3/29. Then the market rallied the next 7 days and the analyst went with a B up preferred count, with the elusive yet potent C down yet to come. Problem was too many bears looking for C down. As of yesterday he finally gave up and basically said "well crap, I guess we are in a 5th wave up". Someday it will end badly because of the parabolic nature of the rise, but man, selling weakness over the last month or so has truly been the kiss of death.