The Aug. 4 market crash put fear into the heart of most investors. The 1,400-point drop in the Dow since July 20 is the steepest decline since the crisis in 2008. Pundits are stumbling all over themselves to explain how the debt ceiling vote, the job outlook, or any host of other fundamental explanations is at the root of the problem.
But savvy investors and analysts don't frantically search today's headlines to figure out where tomorrow's DJIA is headed. In fact, here at Elliott Wave International, we focus almost exclusively on historical market patterns -- first discovered by Ralph Nelson Elliott in the 1930's -- because we know that
"Progress, far from constituting in change, depends on retentiveness.... and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it."
-George Santayana, Reason in Common Sense -1905
As the market's current trend continues to unfold, take this opportunity to study the past.
Get your copy of Robert Prechter's guide through the most important stock market junctures since the Great Depression.
This one-hour, video presentation walks you through the history of the markets, helping you learn the thought process that makes for a successful market forecast -- and how to put it into action.
Learn the history of market patterns so that you and your loved ones can "Keep Calm and Carry On" during these volatile times.
Follow along with Bob as he 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. Learn more now>>