So I'm a subscriber to Elliott Wave International , a newsletter service that I assumed was bona fide but I'm now wondering if this is a scam.
Here's the latest newsletter from them.
Since the crisis they have been saying that there's going to be a crash, the same message over and over. If a prophesier of doom continuous long enough, eventually he will be right. That's their strategy it seems. It also seems they've been riding on the coattails of fear generated by the 2009 crisis in order to sell more of their newsletters.
I'm asking myself now if this is just a plain scam or are they actually credible at all? Wikipedia says Robert Prechter was once a successful trader, but we all know Wikipedia is basically edited by self-promoters.
Is this company a scam now? The subscriptions are not that much compared to average Wall St research from IBs or other services (eg. Casey) but they are still significant ($400 per year for the main publications). It seems they also manage to claim their forecasts are right at the end of every publication, despite them continuously being wrong.
Here's the latest newsletter from them.
Since the crisis they have been saying that there's going to be a crash, the same message over and over. If a prophesier of doom continuous long enough, eventually he will be right. That's their strategy it seems. It also seems they've been riding on the coattails of fear generated by the 2009 crisis in order to sell more of their newsletters.
I'm asking myself now if this is just a plain scam or are they actually credible at all? Wikipedia says Robert Prechter was once a successful trader, but we all know Wikipedia is basically edited by self-promoters.
Is this company a scam now? The subscriptions are not that much compared to average Wall St research from IBs or other services (eg. Casey) but they are still significant ($400 per year for the main publications). It seems they also manage to claim their forecasts are right at the end of every publication, despite them continuously being wrong.