Prechter Goes All-In - 200% Leveraged Short

Prechter Recommended 200% leveraged short in his today's 2 page Interim EWT Report:

"Today's excitement fits into the time/price grid published on Thursday. This morning the Dow reached 10,495.60, precisely the level at which wave (Y) = (W) on an intraday basis"

"Today is the day on which the entire rally from March has lasted half as long as the preceding decline"

"After 8 months of rally and a 52% retracement, I believe I have seen enough to recommend that traders move to 200% short."

He also warned the risk on this trade as well in his report.

It seems a little bit aggressive to me. He might be too early again, but he is winning this bet so far today. You have to give him enormous credit for sticking with his analysis despite the slings and arrows of outraged unfortunates.