(And 3 Shocking Answers!)

Bob Prechter, President of Elliott Wave International (EWI), is no stranger to challenging the status quo. His New York Times bestseller, Conquer the Crash, was published in 2002 before anyone was even talking about the current financial crisis.

In his recent 10-page market letter, Prechter shifts his …

After all the hoopla this week, the Dow ended at 11,388.44, which is pretty much where it left off last Friday. The blue chip index advanced by 368.75 points, or 3.35%, for the day.

Broader indexes also ended higher Friday. The S&P 500 index increased 48.57 points, or 4.03%, to 1,255.08, and the Nasdaq gained 74.80 points, or 3.40%, closing at 2,273.90.

TodayÂ’s rally was fueled by the governmentÂ’s announcement that it will step in to help rescue banks from bad bets on mortgages. Treasury Secretary Henry Paulson explained that a bailout is necessary though he offered little in terms of specifics. Paulson said that he will meet with members of congress over the weekend to hammer out the details.

The government announced other actions as well in order to help facilitate a less turbulent environment in the financial system. The Federal Reserve will expand its emergency lending program, allowing commercial banks

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