[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: Robert Prechter's forecast



PureBytes Links

Trading Reference Links

Actually, I received a copy of "Elliott Wave Principle" friday nite from
Elliott Wave International.....it's a complimentary gift for subscribing
to their service.
Soon as you open the cover , on the inside sleeve, there's a few paragraphs
about Prechter. "The Hulbert rating service reports that The Theorist
exceeded the performance of the Wilshire 5000 over the 13 1/2 yr period
ending Dec. '93, while being exposed to market risk only 50% of the time.
"
It goes on to list other accolades and awards like for example :
"In 1984, Mr Prechter set an all time record in the United States Trading
Championship by returning 444% in a monitored real money options account
in the four month contest period. "
"In Dec. '89 , Financial News Network named him "Guru of the Decade".
Then theres a Publishers note that gives some back ground on the book.
Elliott Wave Principle came out in Nov '78. "It's hard to believe it's
been 20 yrs since we introduced the world to Frost and Prechter's vision
of a great bull market in stocks. While it's extent has been much more
than they originally expected , the authors maintain their labeling of
the advance as Cycle wave V. "
     Perhaps I can find out from any archived copies
of the Theorist just exactly what Prechter was predicting in 98 - 2000. 
Because it does look like they were expecting the bull market to end in
98. While the market did have a rough yr, it also saw the beginning of
another leg up in Oct. 98.
                                                
Jack
Frans Derksen wrote:
At 21:32 3-11-00 -0500, you wrote:
>I just received Oct's copy of "The Elliott  Wave Theorist" by
Robert
Prechter.
>I've heard nothing but good things about Prechter but know very little
of his
>past
>predictions on the markets..
>He's calling for a decline in the financial markets that isn't expected
to
>bottom until 2003 - 2004 .. he mentions July 4 '04 as a likely target
for a
>bottom.
>If anyone has knowledge of Prechter's past predictions and how credible
he
is or
>
>isn't please let me know.
>I specifically heard a rumor that he was bearish in
>'98 and missed the bull market.... I find this hard to believe but
I
thought I'd ask
>anyway.
Jack, did you already ask this (not-dumb) question to "The Elliott 
Wave
Theorist" ?
I'm interested in Prechter's own answer........
Rgds.
Frans
>                          
thanks ,
>                                    
Jack
>
>Lionel Issen wrote:
>
>> Yes, please tell me how I can get a copy.  Do you have the
isbn# and
name of
>> publisher?
>> Lionel Issen
>> lissen@xxxxxxxxx
>> ----- Original Message -----
>> From: "Jack Assante" <Blastoff@xxxxxxxxxxx>
>> To: <metastock@xxxxxxxxxxxxx>
>> Sent: Friday, November 03, 2000 4:40 PM
>> Subject: Re: COHR
>>
>> > "Profits in the Stock Market" H.M.Gartley. I can even tell you
how to get
>> a
>> > copy if interested.
>> >                
Jack
>> >
>> > Lionel Issen wrote:
>> >
>> > > Gartley probably refers to the author of a book published about
30
years
>> > > ago. Does anyone have the title of Gartley's book?
>> > > Lionel Issen
>> > > lissen@xxxxxxxxx
>> > > ----- Original Message -----
>> > > From: "David J" <magnatizer@xxxxxxxxxxx>
>> > > To: <metastock@xxxxxxxxxxxxx>
>> > > Sent: Thursday, November 02, 2000 9:32 PM
>> > > Subject: Re: Re:COHR
>> > >
>> > > > This link has two charts.  The top chart is a bull Gartley
and the
>> bottom
>> > > is
>> > > > a bear butterfly
>> > > >
>> > > > http://www.harmonictrader.com/charts.htm
>> > > >
>> > > > Both patterns contain ABCDs and a X starting point. 
In a gartley D
>> stops
>> > > > within a retracement level of XA.  In a butterfly D extends
past X.
>> > > >
>> > > > David
>> > > >
>> _________________________________________________________________________
>> > > > Get Your Private, Free E-mail from MSN Hotmail at
>> http://www.hotmail.com.
>> > > >
>> > > > Share information about yourself, create your own public profile
at
>> > > > http://profiles.msn.com.
>> > > >
>> >
>
>