07/16/10 - Understanding Robert Prechter's 'Slope of Hope'

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Home > Commentary > Elliott Wave International > 07/16/10 - Understanding Robert Prechter's 'Slope of Hope'

Think Outside the Bull at bearMarketCentral.com

07/16/10 - Understanding Robert Prechter's 'Slope of Hope'

Robert_Prechter_80x100

By EWI Editorial Staff

Almost everybody who follows financial markets has heard about climbing the "wall of worry": the time when prices head up bullishly, but no one quite believes in the rally, so there's more worry about a fall than a rise.

What's the opposite condition in the market? Bob Prechter named it the "slope of hope," meaning that as prices head down, no one wants to believe the market really has turned bearish, so there's more hope for a rise than fear of a fall. Read more.

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