Robert Prechter Interview on Power Trading Radio

Robert Prechter was interviewed on Power Trading Radio last week (video available on YouTube):
On this show John O'Donnell is joined by Robert Prechter of Elliott Wave fame to discuss thecontinuing credit purge deflation across world markets. Prechter outlines the socionomic hypothesis that social mood impacts human action and drive price. They explore and discuss with charts the large head & shoulders pattern in the Dow today, and correlation tothe non-confirming Dow Theory ratio structure today. The Dow/gold ratio, and S&P500/gold ratio all confirm the equity market has been in a silent crash mode since 2000 "real peak". O'Donnell and Prechter agree on the inflation vs deflation debate.

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