ROBERT PRECHTER’S MONTHLY PUBLICATION SINCE 1979
The Elliott Wave Theorist
A Different Perspective on Markets — and the World
For more than four decades, Robert Prechter has challenged conventional thinking about financial markets, investor psychology and the forces shaping society.
From stocks, bonds and interest rates to inflation/deflation and social trends, the topics covered in The Elliott Wave Theorist vary from month to month, depending on what matters most at the time.
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A Publication with a History Unlike Any Other
In 1979, Robert Prechter launched The Elliott Wave Theorist with a different way of looking at financial markets.
At a time when most analysts focused on economic indicators, corporate earnings and current events, Prechter looked to the Elliott Wave Principle — the idea that financial markets move in recognizable patterns reflecting changes in collective investor psychology.
His approach soon attracted widespread attention. In 1982, when pessimism dominated Wall Street, Prechter declared “Super Bull Market Underway,” identifying the beginning of what would become a historic advance in U.S. stocks.
In 1984, he won the U.S. Trading Championship, achieving a then-record 444.4% return in just four months trading options. And in October 1987, he warned subscribers to sell shortly before the infamous Black Monday crash.
His market analysis earned him national recognition, including being named “Guru of the Decade” for the 1980s by Financial News Network.
But his notable forecasts haven’t been limited to stocks. Over the decades, Prechter has also identified important turning points in gold, silver, interest rates and other financial markets — often challenging the prevailing consensus along the way.
More than 45 years later, The Theorist continues to publish every month, making it one of the longest-running financial publications of its kind.
And through it all, Prechter has personally written and edited every issue.

More Than Just a Market Forecast
The Elliott Wave Theorist isn’t limited to predicting where stocks, bonds or other financial markets may go next.
It explores the larger forces behind market behavior — including investor psychology, social mood, speculative manias, credit cycles and long-term economic trends.
Prechter’s research often challenges widely accepted explanations for why markets move. Rather than relying on the latest headlines or economic forecasts, he examines historical patterns and the behavior of crowds.
And because financial markets are just one expression of social mood, his research can extend into politics, culture and other areas of society.
The goal is to give readers a perspective that goes beyond what they hear in the financial news every day — so they can better understand the forces shaping markets, recognize potential opportunities and risks, and prepare for what may lie ahead.
Meet Robert Prechter

Robert R. Prechter Founder and President, Elliott Wave International
Robert Prechter’s name is familiar to market observers the world over. Prechter has shared his market insights in The Elliott Wave Theorist since founding Elliott Wave International in 1979. Prechter developed a theory of social causality called socionomics, whose main hypothesis is that endogenously regulated waves of social mood prompt social actions. In brief, events don’t shape mood; mood shapes events. Prechter has co-authored several academic papers and written 20 books on finance and socionomics, including a New York Times bestseller. You can find a full bio at www.robertprechter.com.
View Subscriber Testimonials
Here are some reviews/testimonials that Robert Prechter has received from subscribers, colleagues, and friends over the last 45+ years.
“This is one of the best newsletters out there, or frankly, that’s ever been out there. I suggest everybody subscribe.” – Doug Casey
“I only really look at 3 newsletters. One of them is of course the Elliott Wave Theorist, Robert Prechter’s newsletter. I recommend Robert’s newsletter to my subscribers. He’s the most-respected researcher in my experience.” – Harry Dent
“I have been reading the Elliott Wave newsletters from Robert and his team for decades. I look forward to each issue as I know that deep, contrarian type thinking goes into each issue.” – Bert Dohmen
“Bob Prechter is the champion. Prechter is the best because he is the ultimate market opportunist. The reason he has been so successful is that the Elliott Wave Theory allows one to create incredibly favorable risk/reward opportunities. That is the same reason I attribute a lot of my own success to the Elliott Wave approach.” – Paul Tudor Jones, CIO, Tudor Investment, Billionaire Hedge Fund Manager, Conservationist and Philanthropist
“When finance became more of a focus for me than philosophy, Prechter and his whole team became a part of my routine.” – David McAlvany, McAlvany Financial Group
“For more than 35 years I have been fortunate enough to cover the financial community and market geniuses. Robert Prechter is right up there at the top.” – Neil Cavuto
“Robert Prechter is an absolute master of understanding the patterns of human history.” – Tony Robbins, Author, Coach, Speaker, Life and Business Strategist
“To me, Bob is THE guy when it comes to forecasting and understanding what really moves markets, and sharing that understanding with the rest of the world. After so many years reading Bob’s work, when I get my monthly copy of EWT it’s like getting a letter from a close friend.” – Steve R.
“Your socio-economic calls have been staggeringly accurate. Do you have people out in the investment community tooting your horn? You should – no one is close to you.” – Carl L.
“I have read Bob’s writings for about 20 years and I will say unequivocally that his analysis of trends and social behavior is beyond anything written in many years prior or since. I continue to enjoy his writings and the publications but I continue to do my own Elliott Wave Analysis, with his input of course. I have fared very well over the years but do it just for fun now.” – Vincent C.
“One thing that I particularly dislike about several Market Analysts is their arrogance & condescending tone as they gain some success. And here we have a person in the Market just making his case with such Humility. No arrogance. No condescending tone. Just analysis.” – Piyush C.
“I’ve learned more from your seminars and market letters over the years than from any other analyst out there. I took your advice and worked on developing a method for profitable stock market operations for more than 15 years before becoming a professional. I did not think it ethical to handle other people’s money unless I was totally prepared to first protect their capital and then make the most with the least risk possible. I use concepts I learned from you everyday beginning with Elliott Wave being the best way to grasp what is going on in the market. Thanks for your lucid way of teaching!” – Gregory A.
“My developing understanding of the currents in the financial markets have been greatly influenced by Bob Prechter and EWI’s publications. I have benefited from all of your publications, packed with unique and powerful insights that I simply cannot find any place else. Reading Bob Prechter’s books especially have opened my eyes and I will never see the world in the same way again. I always look forward to receiving The Theorist also, each edition of which has nearly always been a seminal work in itself, and packing a delectable intellectual punch.” – Alex S.
“I wanted to thank you for your consistent, timely, insightful analysis. It has made a tremendous difference in my financial life and in the lives of many other people, and it has also offered me many hours of fascinating study. Keep up the good work!” – Steve J.
“I feel positively SPOILED when I get extra Elliott Wave Theorist market updates! It’s soooo helpful to get the more frequent updates from him when all the mainstream financial news is so bullishly biased. I don’t know what I’d do without him.” – Susan B.
“The man is absolutely a genius. It is a privilege to be a subscriber and to learn from such a person. I must read the monthly newsletters at least 3 or 4 times- I read something new each time, something I missed the time before, the complex subject matter is difficult to convey but I enjoy it when the little light in my head finally comes on and I say to myself, “Oh, that’s what he means.” Keep up the good work!” – Larry O.
“’Latest Elliott Wave Theorist is here!.’ They are my favorite inbox words. They excite me like no other, and todays letter did not let me down. Bravo!” – Ron P.
“Every time I read EWT, it takes me weeks before I come over the overwhelming feeling of realization that how far behind the investment world is. I don’t know how long it will take for people to wake up. But I guess that’s not for me to decide or worry about.” – Mukul P.
“When I receive an alert email informing me that a new “Theorist” is available, I KNOW there is a reason for the unusual release time, and I will give it the due diligence it deserves, and I have.” – Ron T.
“Thank you for all you do to advance truth, accuracy, honesty and Liberty. Your services are not inexpensive, but are actually an outstanding value. You certainly give us our money’s worth and more.” – Dennis M.
“I recently subscribed to EWT this weekend and feel as though I have just begun to be educated. This is coming from someone with a BBA in Finance, MA in International Commerce, and CPA. Thanks Bob Prechter and staff!” – RP
“Let me say first that, in my view, Elliott Wave Theorist is state of the art market analysis and Bob Prechter is a historical figure in the context of capital markets research.” – Dimitris
“Now, what I have come to learn about myself as a result of years of reading your publications, is that I can read ALL of your work now and immediately “get it” on the first reading, each and every time, while remaining calm, logical and using the information as I see fit for all around me, including the society that would likely reject most of my thinking.“ – RT
“Robert Prechter, you are gifted with your words which paint a clear picture of truth and transparency in the readers mind, you take all of us on a wonderful monthly trip… in a way you’re a rock star. Keep up the great work!” – Chris M.
“Precter’s analysis is mind-blowing. One thing that makes this man is great that he only sticks to wave counts and has great control over his emotions which lacks in most of Elliott wave analysists.” – Ashish B.
View Some Notable Market Forecasts
For more than 45 years, The Theorist and our Flagship Services have identified many bullish and bearish opportunities for their subscribers — often when the crowd was most convinced of the opposite.
Not all our forecasts work out, but we challenge you to find another service this dedicated to getting it right time after time. Here are some highlights:
The Stock Market

1982: “Super Bull Market Underway”
By mid-1982, the stock market had suffered through more than a decade of stagnation. Inflation was still elevated, interest rates were historically high, recession fears were widespread, and investor sentiment was deeply pessimistic. Almost no one was looking for — or even willing to consider — the start of a major new bull market.
This is what we said:

September 13, 1982:
“The orthodox low for the wave count occurred on August 12 at 776.92 on a fifth wave failure, a rare and bullish occurrence.”
“No bear market rally I know of has had such good advance-decline figures.”
“Some incredibly large wave patterns may have been completed, patterns which have important implications…”
“If the market has indeed changed from ‘neutral’ to ‘up,’ then we have entered the first ‘buy and hold’ market since 1949.”

October 6, 1982:
“Super Bull Market Underway”
“October 6, 1982 will go down as a very important date in stock market history. The action on that date confirmed the beginning of a new bull market for Dow Industrial stocks on August 12.”
“The whole orientation of strategy will now have to change from one of aggressively trading the intermediate swings to purposefully accumulating stocks for a long upward pull.”
“Do not assume it is ‘too late’ to get invested for the long term.”
“The market may have 200 points behind it already, but it’s got a long way to go.”
What Happened Next?
The call — made in real time, amid widespread pessimism — marked the transition into the most powerful bull market in U.S. history.
1987: Black Monday
(The Warning Before the Crash, and the Bottom Window Identified in Advance)
In early October 1987, sentiment was exuberant. Many publications were suddenly predicting “Dow 3000 by year end,” while the market sat just below record highs. Yet beneath the optimism, internal conditions were weakening: breadth was narrowing, momentum was slowing, and the rally from late September was losing force. Almost no one believed a major decline was possible.
This is what we said:

October 5, 1987:
“The stock market is at a crossroads on a short term basis.”
“The case that Primary wave 4 will trace out a drop back to the 2300s remains valid.”
“The upside rate of change… has indicated a slowing of the advance… This is usually a bearish combination.”
“Both investors and traders should sell now.”

Interim Report – October 15, 1987:
“An emerging 2-week cycle is due to bottom October 19–20.”
What Happened Next?
The famous Crash of ’87 unfolded just days later. On Monday, October 19 — Black Monday — the Dow Jones Industrial Average plunged 22.6% in a single session, still the largest one-day percentage decline in its history. The market then bottomed the very next day, Tuesday, October 20 — exactly within the October 19–20 window our Interim Report had identified as “due to bottom.”
2000: The “Dot-Com” Peak
At the height of the technology mania, analysts declared a “new economy.” The Nasdaq’s parabolic surge convinced investors that the boom could not end.
This is what we said:

February 22, 2000:
“The DJIA’s break of 10,355 confirms that a bear trend started at the 11,750 high of January 14… A third wave is underway… Support is 9375–9575… A significant slice through this lower support increases the odds for a crash.”
“The NASDAQ 100… has been wedging higher since the beginning of the year. Prices have been tracing out an ending pattern called a diagonal … Once an ending diagonal finishes, prices usually decline sharply.”

Interim Report – March 1, 2000
“The Dow averages, S&P 500 and New York Composite are now in sync to the downside. The NASDAQ 100 achieved the new high allowed for in our Interim Report but now sits on the cusp of a sharp reversal as the pattern traces out the final subdivisions of its fifth wave. A close beneath 4024 will align this last rising index with the rest of the market and signal the end of the mania.”
What Happened Next?
The Nasdaq topped on March 10, 2000 — within weeks of our warning — and lost 78% over the next 31 months. The S&P 500 and Dow entered a multi-year bear market as the “new paradigm” collapsed.
2007: The Great Financial Crisis
Mainstream economists and policymakers dismissed subprime lending as contained. Markets hit record highs as credit risk ballooned.
This is what we said:

Interim Report – July 17, 2007:
“Aggressive speculators should return to a fully leveraged short position now. We may be early by a couple of weeks, but the market has traced out the minimum expected rise, and that’s enough to act upon.”

August 1, 2007:
“The transition from the Great Asset Mania to the Great Credit Contraction is confirmed by a turn down in the major stock indexes, which started “the great decline” following one more new high in July, as forecast here last month. Sentiment continues to view the credit bust as specific to the subprime area, but it should be global in scope. Near term, a relief rally may well be starting, but it should hold well beneath the July highs and lead to greater selling pressure.”
September 28, 2007:
“The July 17 Interim Report of The Elliott Wave Theorist identified the DJIA’s top tick to the day and advised a return to a fully bearish stance… the entire rally from 2002–2003 should be complete and bear market back underway.”
What happened next:
After a slight new high in the Dow in October (but not in the NYSE or DJ Composite indexes), the U.S. entered the worst financial crisis since the Great Depression.

2009: Calling the Bottom of the Great Recession
In early 2009, fear dominated. Most investors expected another collapse. Sentiment readings hit multi-decade lows.
This is what we said:

February 23, 2009:
“…over the past four months The Elliott Wave Theorist, The Elliott Wave Financial Forecast and the Short Term Update have repeatedly stated, without equivocation, that the market required a fifth wave down. There were no alternate counts. The Wave Principle virtually guaranteed lower lows, and now we have them.“
“If you are a slick trader, perhaps you can finesse the final waves or snag some more profits early tomorrow. But as for our official position, I recommend covering our short position at today’s close.“
What happened next:
2 weeks later, the market bottomed on March 9, 2009 — launching one of the most powerful bull markets in history.
In the case of the Great Financial Crisis, our subscribers weren’t reacting to extremes — they were prepared for them.

2016: Calling the Next Advance
Stocks were sliding hard into early 2016. The Dow was retesting its August 2015 lows, volatility was elevated, and pessimism had reached levels last seen near the 2009 bottom. Many believed a historic crash was already underway.
This is what we said:

January 14, 2016:
“In the September 18, 2015 issue, EWT observed that the bear phase that began in May 2015 and accelerated in August was either the start of the biggest crash ever or part of a high-level correction that would lead to a new high…”
“The pattern so far has all the elements of a developing contracting triangle.”
“This decrease in internal intensity during an increase in external (price) movement is more compatible with wave C of a triangle than with a developing crash.”

“The critical area for wave C is about 16,000 on the Dow… Today’s low is 16,075.12.”

February 19, 2016:
“WAVE C OF TRIANGLE DONE”
“In line with the usual persistence of C waves, the pattern continued developing, finally finishing a double bottom last week, on February 11. On that day, the Dow registered a new daily closing low for 2016 but not a new intraday low.
“This is what happened on April 21, 1980 with respect to the preceding low of March 27, and the stock market rose from there. I think we can finally judge wave C… to be complete.”
“For the wave (4) labeling to remain viable, the Dow must hold above the low of February 11.”
What Happened Next?
The Dow held above its February 11, 2016 low. Wave (5) followed — carrying the Dow more than 20,000 points higher over the next five-plus years.
2020: The Fastest Bear Market in History
By late 2019 and early 2020, optimism toward stocks had reached euphoric extremes. Major indexes pushed to record highs as headlines declared the bull market “unstoppable,” fueled by Fed rate cuts and trade-deal hopes. Retail speculation surged to manic levels, daily trading hit records, and Gallup’s “Mood of the Nation” showed personal satisfaction at a 40-year high while concern about the economy fell to its lowest level in decades — classic signs of sentiment near a historic extreme.
This is what we said:

October 2019:
“A major divergence between recent highs in three major U.S. stock indexes — the Dow Industrials, the S&P 500 and the NASDAQ Composite — as well as various laggards such as the Dow Jones Transportation Average and the S&P Small Cap 600 Index … is a precursor to a significant stock market decline.”
November 2019:
“A record net-short position in futures contracts by Large Speculators on the CBOE Volatility Index (VIX) suggests that an upcoming spike in volatility will wipe away the calm veneer.”
February 7, 2020:
“The Great Bull Market has become so entrenched that pundits use words such as raging and relentless to describe it (CNBC, January 18). One pundit projected a January rise and then an accompanying rally through the remainder of the year based on historical precedent. With a late January swoon, however, the Dow Jones Industrial Average began the year with a down month. It is a small hint at what we view as strong potential for a bearish surprise in 2020.”

February 21, 2020
“The S&P 500 appears to have completed wave 5 at 3393.52, the high on February 19. The decline to 3328.60, a low this afternoon, may be labeled as five waves. This impulse pattern is wave i of a larger five-wave declining structure. Wave ii will be a snapback rally that will likely last 1-3 days. When complete, the index will start wave iii down. … The other option is that a series of first and second waves have developed since the high, which implies acceleration of the declining trend next week. The recent highs on February 12-19 (Dow and S&P) are now a key level for the bearish case.”
February 24, 2020:
“Various news stories in print and on TV proffered myriad explanations for today’s selloff — Coronavirus, outbreaks in Italy, China’s economic slowdown, outbreaks in South Korea, weak potential for companies doing business in Asia, etc. — but none stand up to reality. All these supposed causes have been well known prior to today. The reason the market accelerated its decline is because it was at the point in the progression of its Elliott wave pattern that indicated a sharp drop.”
What Happened Next?
The Dow peaked February 12 at 29,568 and the S&P 500 followed February 19 at 3393.
In only seven trading days, the S&P fell 16 percent — the fastest drop from an all-time high in history — and in five weeks, major indexes were down more than 35 percent.
2022: Warning of a Trend Change
In late 2021, U.S. stocks were still in strong uptrends and making fresh highs. Investor confidence was elevated, volatility was subdued, and most commentary assumed the bull market would continue uninterrupted into 2022.
This is what we said:

Interim Report – December 31, 2021:
“The December 23 Interim Bulletin postulated an expanding diagonal in progress for wave 5. It stated:
“This labeling calls for the Dow to pop to one more moderate new high in coming days, probably to a peak below the upper line, and then turn down…”

“Diagonals occur at the end of larger sequences. If this diagonal proves true, the market is poised to roll over directly into a bear market.”

January 5, 2022:
“Blue chip indexes appear to have topped in the first three trading days of January 2022. The S&P Composite made a closing high on the first trading day of the year, January 3, and an intraday high on January 4.
The Dow Jones Industrial Average and the NYSE Composite index each made a daily closing high on January 4 and an intraday high on January 5.
The last index to peak was the DJIA, at 12:32 p.m. today, 3.5 trading hours ago.”
What Happened Next?
After January 5, 2022, the Dow declined 22% to its October 2022 low. The S&P 500 fell 25%, and the Nasdaq Composite dropped 36%, marking the 2022 bear market.
Gold’s Historic Rise
In early October 2023, statistics showed that 90% of traders were bearish on gold. Our Flagship Short Term Update, however, had identified an “approaching wave 2 low” — signaling that a powerful wave 3 rally was likely next — and alerted subscribers to the opportunity.
Analysis/Forecast:
October 4, 2023:

“Gold’s steep decline hit $1815.00 yesterday, October 3, meeting the lower line of the zigzag channel formed by wave 2. If gold’s larger trend is bullish, that should be just about it for the selloff from the May 4 high. The DSI Indicator for gold (trade-futures.com) was at 11 last night after registering four days in a row of 8.”
What Happened Next?
Wave 2 had bottomed that very day:

By October 2025, gold had traded above $4,000/ounce and later surged to a record high above $5,600 — nearly tripling as the larger bull market structure unfolded.
Silver’s “Major Spike“
In April of 2023, few investors were paying attention to silver. Bob Prechter, however, identified the metal as one of the most overlooked opportunities in the financial markets.
Analysis/Forecast:
In April 2023, The Elliott Wave Theorist declared:
“Silver is probably the only commodity on earth selling for less than it did 43 years ago… Among all the world’s seasoned investments, it is the cheapest. Stocks are a religion. Property is a religion. Bitcoin is a religion. Nobody is paying attention to silver.”
Then in June 2025, EWT showed this chart and told subscribers of a “Major Spike Potential” in the metal:

What Happened Next?

In October 2025, silver finally exceeded its 1980 all-time high, trading above $53/oz for the first time in more than four decades.
The breakout marked the beginning of a historic advance as silver eventually surged above $120/ounce in early 2026 — a move of roughly +400% from the time The Elliott Wave Theorist first highlighted the opportunity in April 2023.
Our forecasts were on this move early — and accurately.
Interest Rates – The End of an Era
In September 2020, the Federal Reserve assured the public that interest rates would remain near zero for years. The consensus view was that ultra-low rates would persist indefinitely — a belief reinforced by weak inflation readings and the Fed’s aggressive monetary stimulus following the pandemic shock. Here’s what The Elliott Wave Theorist said to subscribers:
Analysis/Forecast:
September 23, 2020:

“On September 16, Fed Chairman Powell…told reporters that he expected short term interest rates to stay near zero…’through the end of 2023.’
“…there is not a chance in the world of that scenario playing out. The probability is high that interest rates have begun a process of rising….“
What Happened Next?

Long-term interest rates began to climb soon after. By early 2021, yields on Treasury securities were rising across the board. Over the next 18 months, T-bill rates — which had hovered near 0% — soared above 5%, marking one of the fastest rate reversals in modern history.
The forecast not only anticipated the end of a 40-year era of falling rates, but also signaled a rare opportunity for individuals and businesses to refinance, secure long-term loans, or lock in historically low borrowing costs before the sharp surge ahead.
Alerting Readers to Bitcoin at 6 Cents
In 2010, few had even heard of Bitcoin. The mainstream press ignored it, and “digital money” was viewed as a curiosity or a fad. In a special issue of The Elliott Wave Theorist published on September 17, 2010 we said:
Analysis/Forecast:

Bitcoin Electronic Currency:
The Future of Money
by Elliott A. Precther
“Cryptography expert Satoshi Nakamoto has created the first completely decentralized, anonymous electronic currency, called Bitcoin…
Bitcoins have the necessary features of money: medium of exchange (anonymous and across great distances), unit of account (private), divisibility (up to eight decimal places), scarcity (21 million), portability (transferred electronically), and store of value (current exchange rates – as of August 2010 – show 1 Bitcoin, or BTC, equal to 0.065 USD).
While Bitcoin appears to have enormous potential as currency, it will have to stand the test of time and the marketplace. Even if Bitcoins do not catch on in the mainstream, the structure has the virtue of providing an example of a decentralized monetary alternative. As distrust in central banks continues to increase as the financial crisis drags on, the idea of private currencies should grow in popularity.”
What Happened Next?
Unless you’ve been living under a rock, you know that Bitcoin rose from roughly $0.06 to a high over $124,000— a 2,074,000%+ increase from when The Elliott Wave Theorist introduced it to subscribers. Imagine what buying just $100 worth of bitcoin back in 2010 and holding could have meant to you.
In fact, you don’t have to imagine it – read this testimonial:
“I’m a keen subscriber to Elliott Wave Financial Forecast and Theorist. I print them out every month, sit down and read every line.
Well, Back in September 2010 I received the Theorist and read the article about Bitcoin…
I seriously thought about buying some Bitcoins. But, I hesitated... Later I cursed myself for that decision.
BUT, it got me interested in Bitcoin and the whole Cryptocurrency world. Later, in 2015, I finally took the plunge. I bought 50 Bitcoin at US$250 each.
Plus, I bought a whole raft of other cryptos: Ripple, Doge Coin, REDD coin, DASH, and etc. All of these exploded in value...
The result is that my wife and I now have a VERY comfortable retirement.
It is ALL due to the fact that I read that issue of The Elliott Wave Theorist back in 2010. SO, A REALLY BIG THANKS to Bob Prechter and everyone at elliottwave.com.
— David H.
Collapse in Crude Oil
By mid-2008, crude oil had become the world’s hottest trade. Prices had risen seven-fold in six years amid “peak oil” headlines, record speculative inflows, and near-unanimous belief that $200 per barrel was inevitable. Sentiment hit extremes — on July 2, 2008, just nine days before the top, the DSI showed 97% bulls among oil-futures traders. Here is what The Elliott Wave Theorist said to subscribers on June 8, 2008:
Analysis/Forecast:

The Top of Wave 5 in Crude Oil Is Fast Approaching
“I am publishing this issue a bit early in order to alert you to an opportunity developing in the oil market. Bull markets in commodities virtually always end with an extended fifth wave, as explained in Chapter 6 of Elliott Wave Principle. So, one of the greatest commodity tops of all time is due very soon. Ideally, crude oil should end on a violent spike high in the $160-$189 range.“
What Happened Next?

And just one month later, on July 11, 2008, oil hit its final high and shocked the world with a breathtaking 78% crash in 5 months.
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Original, Thought-Provoking Insights
— Delivered Monthly —
For over 45 years, Robert Prechter has offered readers something increasingly rare: an independent perspective on financial markets and the forces shaping our world.
And his goal has never been to tell subscribers what to think. As Prechter himself explains:

“Most take my input, add input from one or two other people, and ultimately make up their own minds. That’s all I really want to provide: an adjunct to someone’s thinking.”
— Robert Prechter
That’s what The Elliott Wave Theorist is all about.
Original research. Independent thinking. And insights that go beyond the headlines to reveal the powerful forces driving markets, investor psychology and social trends — helping you recognize potential turning points and better anticipate what may lie ahead.
Subscribe to The Elliott Wave Theorist today

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