Written in 2003, and still accurate to this day:

http://www.gold-eagle.com/editorials...

When you boil it down, Prechter argues that the "waves", as expressions of the psychology of the markets, trumps the fundamentals. The waves are going to complete no matter what the fundamentals-- that is how I would summarize his view.

I don't agree. Deep down in my gut I somehow intuitively know that waves are an expression of the market psychology, BASED on fundamentals. Not the other way around.

Interested to hear anyone else's thoughts.

Hysteria