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ePub At the Crest of the Tidal Wave: A Forecast for the Great Bear Market download

by Robert R. Prechter Jr.

ePub At the Crest of the Tidal Wave: A Forecast for the Great Bear Market download
Author:
Robert R. Prechter Jr.
ISBN13:
978-0471979548
ISBN:
0471979546
Language:
Publisher:
Wiley; Abridged edition (December 1997)
Category:
Subcategory:
Finance
ePub file:
1820 kb
Fb2 file:
1169 kb
Other formats:
mobi mbr lrf docx
Rating:
4.6
Votes:
126

Almost alone Prechter predicted the great bull market back in 1979. Prechter's prescience from the middle of a bull market is uncanny. The bear market and economic fall out he called for has been unfolding since early 2000, and continues on.

Almost alone Prechter predicted the great bull market back in 1979. He then called the top prematurely but at least he did warn this readers that a top was coming. The scope of Prechter's vision is awesome. He has charts with trendlines going back to 1700 with projections for the next century. If you're a fan of Elliott Wave principle and its uses and implications, or you want an unflinching look at what's coming, this book is a must read.

When Robert Prechter published his first book in 1978 predicting the super bull market of the 1980's, only a very . Excellent book written a few years before the beginning of a mega bear market and an unfolding depression.

When Robert Prechter published his first book in 1978 predicting the super bull market of the 1980's, only a very few people visited his tent. Marc Faber,, Faber Ltd, Hong Kong Prechter and . Elliot will be remembered as the two greatest social scientists of this century for their understanding of mass psychology, markets and the economy.

During the 1980s, Robert Prechter's market calls were so consistently accurate that in December 1989, Financial News Network named him 'Guru of the Decade'. In 1990-1991 he served as President of the Market Technicians Association. In the 1990s, Mr Prechter has developed Elliott Wave International into a 24-hour analysis and forecasting firm that services institutional and private investors around the world.

Great Bear Market presents overwhelming evidence for a historic turn a turn that will cause catastrophic loss to the unprepared and great rewards to the prepared.

At the Crest of the Tidal Wave: A Forecast for the Great Bear Market presents overwhelming evidence for a historic turn a turn that will cause catastrophic loss to the unprepared and great rewards to the prepared.

More than doom and gloom, At the Crest includes a chapter entitled "How to Handle the .

More than doom and gloom, At the Crest includes a chapter entitled "How to Handle the Coming Environment" and offers the specifics of Bob's forecasts in the chapter, "Expectations for the Bear Market. With as many specifics as possible for a broad audience, Bob speaks directly about what actions you should take and what pitfalls to avoid.

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Just like Elliot Wave Principle, its super-bullish predecessor from 1978, this updated and abridged paperback version of At the Crest of the Tidal Wave presents a scenario that appears too dramatic and specific to be more than unfounded conjecture. However, the author's forecasting toll is again the only one that has proved its value in addressing future market probabilities. The result is social science at its best.

At the Crest of the Tidal Wave: A Forecast for the Great Bear Market Robert R. Prechter J. John Wiley & Sons, 1997. Another outstanding study in markets and mass psychology. Highly relevant to technology and small-cap investing. Risk, Uncertainty and.

Just like Elliot Wave Principle, its super-bullish predecessor from 1978, this updated and abridged paperback version of At the Crest of the Tidal Wave presents a scenario that appears too dramatic and specific to be more than unfounded conjecture. However, the author's forecasting toll is again the only one that has proved its value in addressing future market probabilities. The result is social science at its best. If even half of the author's forecasts come to pass, the world of finance just a few years hence will be immeasurably different from what it is today. Using the same precise approach that he employed a month after the 1982 low at Dow 777 to forecast a great bull market that would carry the Dow Industrial Average to near 4000, Robert Prechter now calls for slow motion economic earthquake that will register 11 on the financial Richter scale. The Great Assert Mania of recent years is in its final euphoric months, he says, and the next event will be a collapse of historic proportion. If you are already well versed in the Wave Principle and prepared for the change that is coming, then ignore this book. If you are not, then devour it cover from cover. Be prepared for a shift in the tectonic plates that make up your mind's notions about financial causality. Above all, get ready for a violent shaking of your faith in conventional economic wisdom.
  • Welcome to Dow 10,000. So, what's next? Skies the limit, right? Do you know what it means when everyone you know is in the stock market? Have you ever wondered why only the big name stocks have been soaring like rockets for years, while those of most small and medium size companies have languished? Would it surprise you to know that the 15 year rise in bonds has not been a bull market at all, but a BEAR MARKET RALLY? How far must the price of gold fall before it finally reaches "rock bottom"? And finally, what do you think your home will be worth ten years from now? Read this book and you will have an excellent guide to all these questions. Robert Prechter has seen it all. He entered the financial world in the early 1970's, just in time to witness the last true bear market in U.S. stocks. He forecasted the 1982 breakout of the Dow Jones Industrials four years before it occurred. His prediction was widely considered impossible and out of touch with the realities of late 1970's. And importantly, he then predicted that it would blossom into the full blown mania we are seeing today. As the world's foremost practitioner of the Elliott Wave Principle, Mr. Prechter has the long range view required to see just where we are in the "big picture". And although we've been patiently waiting since this book was written (1995), all the pieces are slowly, but surely, falling into place. I've read nearly fifty books on financial markets, many of them considered classics, and I can honestly say that this is one of only two books you'll ever need to own on the subject. The other is "Elliott Wave Principle", by Frost & Prechter.

  • NOt a fan reader of economics, but this book made it simple to understand. Although I bought this book while reading another book about finance, I wish I had read this book before. Very insightful.

  • Mr. Prechter may well be someday seen as the Roger Babson (see "Only Yesterday" [1931] and "The Great Crash 1929" [1954] by Allen and Galbraith) of the 1990's Great Bull Market. Although Mr. Prechter's warnings have largely been muted by the manic din of the Wall Street crowd, his analysis, nonetheless, is thorough and intriguing. It is difficult to argue with the author's underlying premise that psychology is a significant force in determining asset prices. One could rightly argue that the current market psychology is certainly reminiscent of manic financial bubbles of the past, but future events will have to determine this. With the most recent Asian financial crisis, the global markets may have witnessed a symptom of larger economic and historical forces coalescing to prove Mr. Prechter ultimately correct. For individuals who would like an alternative to the "buy-and-hold-and-get-rich" mantra, Mr. Prechter may well convince you that, with each tick up on the Dow Jones Industrial Average, the probability increases that stocks will soon cease always going up.

  • I bought this book used about three years ago. Although I was skeptical of it's contents, since the title seemed dated, I picked it up because it was cheap. It was one of the best buys I've made.

    Although I did not read the entire book, the portions I did read (chapters 9-12 about investor psychology) were timeless and made the book well worth the buy. Those chapters are highly recommended reading for contrarians. I'll quote among my favorite lines: "They show that people view stocks as being less risky than treasury bills. Indeed, article after article refers to the "risk of missing gains" as being more important than the risk of loss. This is an optimism so extreme that it has not been seen in the West for nearly three centuries." (p154); "The public is always trading oriented in the early stages of a bull market, and "investment" oriented at the top. - One-Way Pockets 1917 (189); "No top-heavy market with public involvement fails in the end to punish the average investor for his gullibility." (190); "All investment is speculation, and there is no more risky speculation than one that is confidently viewed by a majority of portfolio managers and the public as an investment." (414).

    I gave four stars because Prechter's timing of the coming crisis was way off and his predictions sounded extreme, for example: chapter 21, page 431, "... secessionist movement will take place in many countries, including the US ...one or both current political parties will dissapear ...unemployment will reach 30%."

    Overall I highly recommend this book. Tidal Wave is easy to read and follow.

  • If you go to the list showing all of my reviews, you will see that I have read quite a few books about the stock market and trading in general. While I have encountered information that talked in generalities about the Elliott Wave Principle, I had never delved into it in much detail as I never felt the methodology was consistent. Having trudged my way through this book, I have come to the conclusion that either (1) I am too stupid to be able to understand and trade based on the EWP (an admittedly distinct possibility), or (2) I have never read so much after-the-fact 'curve fitting' in my life. If you are a student and believer in the Elliott Wave Principle, this will be like adding a second Bible to your collection. If, however, you don't already know and understand the EWP, and unless you are a genius, plan on spending years trying to understand the theory before you will be able to implement it into your trading system. Sorry, Mr. Prechter, but I just don't get it.

  • While Prechter is admittedly the guru of Elliott Wave Theory, he has been predicting a major Bear market in U.S. Stocks since 1985. Two years ago he went on record as predicting DJIA 800 in the next five years, and DJIA 1500 within two years. The books to read by Prechter are his expositions on EWT, which are THE presentations of EWT. Rather like Granville for so many years, Prechter seems bent on crying "bear" until one shows up. Unless you are fond of hearing yet another theory on "Why the economy will collapse and trash the world's wealth," skip this presentation by Mr. Prechter.