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November 1, 2003 Home l Broadcast l 2003 Experts l About Us l Contact Us |
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Robert
R. Prechter, Jr., CEO of Elliott Wave International and Author |
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Robert Prechter (1949-) first heard of the Wave Principle in the late 1960s while an undergraduate studying psychology at Yale. While working as a Technical Market Specialist at Merrill Lynch in New York in the mid-1970s, he located the only available copies of R.N. Elliott's original books in the New York Public Library and began publishing wave studies on the stock market. In 1978, Prechter co-authored, with A. J. Frost, Elliott Wave Principle - Key To Market Behavior. Over the next two years, he started The Elliott Wave Theorist, a publication devoted to analysis of the U.S. financial markets, and republished Elliott's original books and articles along with a detailed biography in a compendium entitled R.N. Elliott's Masterworks. During the 1980s, Prechter won numerous awards for market timing as well as the United States Trading Championship, culminating in Financial News Network (now CNBC) granting him the title, "Guru of the Decade." In 1990-1991, he was elected and served as president of the national Market Technicians Association in its 21st year. During the 1990s, Prechter expanded his firm to provide analysis on all major markets worldwide from intraday to monthly time scales via print and on-line publications. He also published three books on the major practitioners of wave analysis as well as his own views in Prechter's Perspective and At the Crest of the Tidal Wave. In recent years, he and his staff have begun gathering data on social and cultural trends to expand upon the socionomic thesis first presented in his 1985 and 1986 papers, "Popular Culture and the Stock Market" and "The Fractal Nature of Social Progress," which will be reprinted in an upcoming book. Prechter is a member of Mensa, Intertel, The Foundation for the Study of Cycles and The Shakespeare Oxford Society. For fun, he jet skis and plays music. "My first ever book, Elliott Wave Principle, which I wrote with A. J. Frost, was very bullish. It came out in November 1978, with the Dow at 790. Today the outlook is much different. Now is not the time to take financial risks. It’s time to batten the hatches so you can emerge safe from the storm. As you can see from the title, I am once again calling for events that few expect. Book One of Conquer the Crash tells you WHY a deflationary depression is imminent. Book Two tells you HOW to survive and prosper from the environment." Foreword, Conquer the Crash
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A personal note from your host, Jim Puplava "The economists and the financial experts tell us it can't happen again. In Conquer The Crash, Prechter tells us why a depression is not only possible, but lays out a convincing case as to why it is a certainty. Bob presents a compelling case from market analysis to economic fundamentals as to why a stock market crash is inevitable and why the concomitant depression will follow in its aftermath. Very few people see what Prechter sees right now. Of course very few experts saw a bull market in stocks back in 1978 when Prechter went out on a limb to predict the greatest bull market in the 20th century. After I read the book, I gave it to my wife to read and then ordered a copy for each one of my three sons. I urge all investors to read this book to understand what is ahead of us. Then read it to prepare yourself financially to weather the storms that are surely coming. A personal note from Jim's wife and webmaster of Financial Sense Online, Mary Puplava "What I like best about Conquer the Crash is that it isn't written for all the so-called experts in the field. It's written for people like you and me and well, our three sons (24, 22, and 21). It's written for all those Joes and Sallys who have their life savings in their 401(k). I pray they can switch to a safe investments and ride the storm." So
strongly do we agree with Bob Prechter and his Elliott Wave Theorists, Elliott Wave International P.O. Box 1618 Gainesville, GA 30503 800-336-1618 or 770-536-0309 Phone 770-536-2514 Fax |
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