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On October 12, our Financial Forecast Service sent a rare Interim Bulletin at 12:45 p.m. ET:
For the third time this year, the Dow Jones Industrial Average has entered our upside target range, which encompasses three daily closing projections: 28,639, 28,657 and 29,174.
In short, the market could top again in our target range as early as today or tomorrow, finish wave 2 up and start crashing in wave 3.
The Dow and S&P topped 48 minutes later. The Dow shed almost 3,000 points in the next 14 sessions.
How much money would you have made?
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NYT and WSJ Bestseller, Conquer the Crash
"It is best to read the full explanations in Conquer the Crash. Prechter adroitly identifies the negative unintended consequences associated with Federal Reserve open market interventions and federal government fiscal stimulus – both of which are now the rage for solving the current economic crisis. Specifically, in Part II (The Case for Deflation), he explains why deflation is the likely immediate outcome (Chapter 7) and why the Federal Reserve will not be able to stop the deflation (Chapter 10). Then, in Part III, Prechter recommends several assets with the greatest potential for protecting your wealth during the coming brutal deflationary depression. This thought-provoking book is a must-read, if you have not already done so."
— Steve Puetz, Universal Cycle Theory
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