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At the Crest of the Tidal Wave (Wiley Investment)
 
 

At the Crest of the Tidal Wave (Wiley Investment) [Abridged] (Paperback)

by Robert R. Prechter Jr. (Author) "The Wave Principle is a detailed description of how markets behave ..." (more)
3.1 out of 5 stars  See all reviews (8 customer reviews)
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Product details

  • Paperback: 336 pages
  • Publisher: John Wiley & Sons; New edition edition (30 Oct 1997)
  • Language English
  • ISBN-10: 0471979546
  • ISBN-13: 978-0471979548
  • Product Dimensions: 22.9 x 15.4 x 2.2 cm
  • Average Customer Review: 3.1 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon.co.uk Sales Rank: 58,984 in Books (See Bestsellers in Books)

    Popular in these categories:

    #9 in  Books > Business, Finance & Law > Professional Finance > Forecasting
    #9 in  Books > Business, Finance & Law > Economics > Forecasting
  • See Complete Table of Contents

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Product Description

Review

"There is an old Arab proverb which says that "When you go shopping for wisdom, visit every tent in the bazaar." When Robert Prechter published his first book in 1978 predicting the super bull market of the 1980′s, only a very few people visited his tent. 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.", Marc Faber, , Faber Ltd, Hong Kong#"Robert Prechter and R.N. Elliot will be remembered as the two greatest social scientists of this century for their understanding of mass psychology, markets and the economy.", Donald Evans, President, FX500 Money Management#"The icy logic and stunning originality with which Prechter predicts the impending death of our Grand Bull Market make At the Crest of the Tidal Wave eminently worthy of attention. 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.

", Paul Macrae Montgomery , , Legg Mason Wood Walker#"Recently I finished reading for the third time Charles Mackay′s classic, Extraordinary Popular Delusions and the Madness of Crowds, first published in 1841. 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 175 years.", Charles Allmon, President , Growth Stock Outlook#"At the Crest of the Tidal Wave is a brilliant and important piece of long wave research with potentially devastating investment implications for the future.", Paul Tudor Jones II, President, Tudor Investment Corp#"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.", Henry Van der Eb, Chairman, Mathers Fund#


Product Description

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.

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The Wave Principle is a detailed description of how markets behave. Read the first page
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Customer Reviews

8 Reviews
5 star:
 (3)
4 star:
 (1)
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Average Customer Review
3.1 out of 5 stars (8 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

 
2 of 2 people found the following review helpful:
2.0 out of 5 stars Prechter's second chance at playing Cassandra, 6 Mar 1998
By A Customer
Prechter wrote a brilliant book about 1980 on Elliot Waves and then proceded to bask in the light of gurudom... That is until 1987, when his theories totally missed the October crash and a lot of his followers got their collective wallets smeared. As if to compensate for the missed crash, for the last decade Prechter has become obsessed with predicting the immanent crash of all civilization. Yes, The Bubble of the current market is going to burst. But Prechter keeps missing his prediction dates, and I believe he's also missing the extent. (At least I hope!) But still an enjoyable book if you don't take it *TOO* seriously.
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3 of 4 people found the following review helpful:
5.0 out of 5 stars Hindsight/Foresight, 30 Aug 1998
By A Customer
I've been reading this book as the Russian economy crashed, commodity prices hit new lows, and the U.S. dollar reached new highs (Aug/98). Spookily and disturbingly to me, these events are predicted!! in Prechter's book written in 95/96. Maybe he is wrong. But after an evening reading his book (and the 'verifying' financial news in the newspaper, I followed his advice and sold all of my stocks! Maybe Prechter is a crazy doomsayer and some of his theories seem off the wall to me. But maybe he is right like a chiropractor is to back pain. You don't have to believe all of the chiro's hocus-pocus about 'alternative medicine' to know he can fix your back better than any medical doctor. Prechter may have a wierd interpretation of common-sense human nature but he sure seems to be getting things right when he describes the state of the world financial markets.
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4 of 6 people found the following review helpful:
1.0 out of 5 stars Prechter's preaching not up to scratch, 26 Jun 2001
By A Customer
I have read alot of Elliott Wave Principle books including Prechter's key to market behaviour, which I greatly enjoyed. I knew that by buying thi sbook 6 years after it was written, I would not be able to profit from his analysis, but I was eager to see the guru's theory in practice. I just thank my lucky stars that it's not 1995 now, as his convincing arguments might have made me act on his view that the only certainty at the time of writing (1995) is that the Dow will be carried below 1000. Of course this could still happen, but it has really shown us Elliotticians that the theory has major flaws. A well-written book, but if you're looking for more than an amusing read, go elsewhere!
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Most Recent Customer Reviews

1.0 out of 5 stars DO NOT BUY THIS BOOK
MANY YEARS AGO, ROBERT PRECHTER CO-WROTE THE ELLIOTT WAVE PRINCIPLE. A WORK OF EXTRAORDINARY GENIUS. SINCE THEN, ALL HIS SUBSEQUENT PREDICTIONS ARE JUST PLAIN WRONG. Read more
Published on 30 Aug 2007 by TRUTH

5.0 out of 5 stars A must-have roadmap for the years to come.
Welcome to Dow 10,000. So, what's next? Skies the limit, right? Do you know what it means when everyone you know is in the stock market? Read more
Published on 20 April 1999

5.0 out of 5 stars Everyone in the world should read this book.
I was spellbound from the moment I turned the first page. I have been watching the markets every day since then. I can't say enough about this book. Read more
Published on 2 Mar 1999

4.0 out of 5 stars Provocative analysis...
Mr. Prechter may well be someday seen as the Roger Babson (see "Only Yesterday" [1931] and "The Great Crash 1929" [1954] by Allen and Galbraith) of the 1990's... Read more
Published on 24 Feb 1998

2.0 out of 5 stars Eventually, Prechter will be right
While Prechter is admittedly the guru of Elliott Wave Theory, he has been predicting a major Bear market in U.S. Stocks since 1985. Read more
Published on 12 Jan 1998

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