McHugh was fooled by that mutant H&S, as well, and I haven't trusted his analyses since. He's also been calling for the big "wave C down" for the past month. As someone on another board said yesterday, Da Boyz want their end-of-year bonuses. Which makes me think wave C down won't start until January or thereabouts. But who knows? Two
I don't think Prechter stated absolutely that the Market was turning right there .. but he thought it was in Wave-2 and a Big Wave-3 Down would soon come. I found his mid-July forecast here: http://elliottswave.blogspot.com/