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At the Crest of the Tidal Wave combines technical analysis with insights into history and economics to warn investors against the commonly held belief that investments will always go up. But this is not just another doomsday book-Prechter also provides solid guidance on a rescue strategy for investors. Other books in this series. Add to basket. Puzzles of Finance Mark P. Flap copy This book reads like a thriller.
It is a financial detective story with a touch of market romance. Just like Elliott Wave Principle, its super-bullish predecessor from , 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 tool 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 low at Dow to forecast a great bull market that would carry the Dow Industrial Average to near , Robert Prechter now calls for a slow motion economic earthquake that will register 11 on the financial Richter scale.
The Great Asset 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 to 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. Back cover copy 'The scholarly discipline, ultra long-term historical perspective, and topical diversity of Robert Prechter's discerning At the Crest of the Tidal Wave will challenge all serious investors to re-examine today's "buy and hold" mantra.
Not much has changed, and here we are at yet another turning point in history At the Crest of the Tidal Wave probably will join Mackay's famous book as one of the most prescient of the past years.
But the fact that years ago this same author stood virtually alone in prophesying the birth of this very same bull market renders his current vision absolutely indispensable to serious investors.
Elliott will be remembered as the two greatest social scientists of this century for their understanding of mass psychology, markets and the economy. I hope more people visit his tent today, in order to understand the financial, economic and social implications of At the Crest of the Tidal Wave. Review quote -There is an old Arab proverb which says that -When you go shopping for wisdom, visit every tent in the bazaar. Elliot will be remembered as the two greatest social scientists of this century for their understanding of mass psychology, markets and the economy.
But the fact that years ago this author virtually stood alone in prophesying the birth of this very same bull market renders his current vision absolutely indispensable to serious investors.
About Robert R. Prechter Robert R. Prechter, Jr. During the s, Robert Prechter's market calls were so consistently accurate that in December , Financial News Network named him 'Guru of the Decade'. In he served as President of the Market Technicians Association. In the s, Mr Prechter has developed Elliott Wave International into a hour analysis and forecasting firm that services institutional and private investors around the world. EWI provides long-term as well as on-line intraday analysis covering stock markets, currencies, interest rates, key commodities and social trends that is available via Bloomberg, Bridge, Dow Jones, DTN, Reuters, and the Internet.
Prechter attended Yale University on a full scholarship and graduated in with a degree in psychology. Rating details. Book ratings by Goodreads. Goodreads is the world's largest site for readers with over 50 million reviews.
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At the Crest of the Tidal Wave: A Forecast for the Great Bear Market
ISBN 13: 9780932750396
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