Understanding the Extraordinary Value of the Elliott Wave Model:
Lessons in Real-Time Application
Robert Prechter's new one-hour presentation was recorded at the 2010 Legends of Trading Forum in Chicago. In it, Prechter walks you through the most important stock market junctures since the Great Depression. You will see exactly -- word for word -- what Elliott wave forecasters published right around the time of each historic turning point and how the forecasts played out in real time.
Your journey begins with the 1930s, when Ralph N. Elliott discovered self-similar (now called "fractal") patterns in the stock market. Years after Elliott's discovery, the mathematical demonstration of fractal geometry in financial prices validated his basic thesis. Yet modelers nevertheless assert that markets are “random” fractals. Elliott’s model, however, is that of a specific fractal, which makes financial markets probabilistically predictable.
R.N. Elliott's forecasts, made amidst nearly universal disagreement, speak for themselves. He made one of the greatest stock market calls of all time when in August 1941 he boldly predicted a continuous expansion -- consisting of temporary setbacks but no major depressions -- from the early1940s "until about 2012." This is exactly how things have played out over the ensuing 70 years.
Are we witnessing the impact of the monumental trend change that Elliott anticipated? So far, the decline since 2008 is just a downward blip within a 70-year, rising channel. But that will soon change if Elliott's original forecast remains accurate.
Prechter also introduces the work of other notable wave analysts, including Hamilton Bolton, Charles Collins, A.J. Frost and Richard Russell. You'll discover each analyst's important contributions to the history of wave analysis as well as some of their specific forecasts spelled out in real time.
Then you will be brought up to speed with the past four decades of market history -- from the reigniting of the Great Bull Market in the early 1980s through the debt-fueled expansion of the '90s and the resulting bust you are witnessing today.
Along the way, you'll learn the thought process that makes for a successful market forecast -- and how to put it into action. You'll see literally dozens of unique charts and figures that put mass investor psychology into historical perspective. You'll find yourself watching this DVD over again, to understand how you can use the Elliott wave model as its primary practitioners have.
Free Bonus Material: You will also get a link -- delivered exclusively in this DVD -- to an even more detailed record of Elliott wave analysis in action, including charts, figures and forecasts dating back to the 1930s.
This DVD belongs in any serious investor's video library.
Add it to yours now.
To order by phone, call EWI Customer Service at 800-336-1618 (from within U.S.) or 770-536-0309 (from outside U.S.) and mention code: CG2
Prechter has been named "the champion market forecaster"
by Fortune magazine and "the world leader in Elliott Wave
interpretation" by The Securities Institute. He has won
numerous awards for market timing, including the United States
Trading Championship, and in 1989 was awarded the "Guru
of the Decade" title by Financial News Network (now CNBC).
Bob holds a degree in psychology from Yale. He served as the
21st president of the Market Technicians Association, and is
a member of Mensa, Intertel, and the Triple Nine Society. He
is Elliott Wave International’s founder and CEO.
make my forecasts using the Wave Principle. I don’t rely on
any data external to the market. I study the charts and interpret
the waves as best I can. I could do this on a desert island
as long as I had access to the charts. This method often places
my forecasts outside of public opinion because the majority
relies on news, which is always bullish at tops and bearish
at bottoms. Majority opinion cannot be any other way, because
the herding nature of human beings forms a popular consensus,
which creates the market’s trends and turns."
- Bob Prechter