Oxford University Press, Data Science, Science, Mathematics, Algorithms.
a bullish forecast he made in September 1985 came true. Buoyed by this success, he confidently predicted that the Dow Jones Industrial Average would rise to 3600–3700 by 1988. The highest level of the Dow in 1988 turned out to be 2184. In October 1987, Prechter said that, “The worst case [is] a