Prechter says Dow could fall to 1,000 - papers

The longtime technical analyst forecast the Dow Jones industrial average stock index could fall to between about 1,000 and 3,000 points over the next five to seven years  in a telephone interview with Reuters. The Dow was trading at 9,754 in early afternoon US time yesterday "It is very clear there is substantial stock market risk," says Prechter, who urges investors to put their money in cash proxies such as safe-haven U.S. Treasury bills instead. Prechter is known for his very bearish views on the economy and also for forecasting a big bull market in stocks in 1982 and for gettin...