Prechter Capitulates?

Yesterday, Prechter published a wave count indicating that the current rally could conceivably last another 8 years, until 2022 (although, "with sentiment recently so optimistic, that goal seems unlikely").

Still, to even entertain it as a possibility is surprising.

A correspondent says, "Any self-respecting Grand Supercycle would simply have to crush Prechter into capitulation before it could be over!"