At the Crest of the Tidal Wave: A Forecast for the Great Bear Market / Edition 1by Robert R. Prechter Jr.
Pub. Date: 12/28/1997
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
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.
Table of Contents
Chapter 1: Perspective
PART I: THE STOCK MARKET
Elliott Wave Analysis
Chapter 2: Patterns and Their Implications
Chapter 3: The Inflation-Adjusted Dow
Chapter 4: Comments on the Ultimate Price Peak
Chapter 5: Expectations for the Great Bear Market
Chapter 6: Momentum Considerations
Chapter 7: Investor Psychology: Valuation
Chapter 8: Manifestations of Investor Psychology
Chapter 9: The Role of Fundamentals
PART II: OTHER AREAS
Chapter 10: The Economy
Chapter 11: The Monetary Outlook
Chapter 12: High Grade Bonds
Chapter 13: How to Handle the Coming Environment
Appendix A: A Capsule Summary of the Wave Principle
Appendix B: The Message from Fixed Time Cycles
Appendix C: Illustrations Updated Through June 1997
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