- Paperback: 336 pages
- Publisher: Wiley; Abridged edition (Dec 18 1997)
- Language: English
- ISBN-10: 0471979546
- ISBN-13: 978-0471979548
- Product Dimensions: 22.9 x 15.4 x 2.2 cm
- Shipping Weight: 540 g
- Average Customer Review: 3.8 out of 5 stars See all reviews (10 customer reviews)
- Amazon Bestsellers Rank: #223,568 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Details |
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#
", 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#
Book 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.
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.
Inside This Book
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First Sentence
The Wave Principle is a detailed description of how markets behave. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
The Wave Principle is a detailed description of how markets behave. Read the first page
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Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
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Most helpful customer reviews
5.0 out of 5 stars
Don't Wait for the Noise,
By A Customer
This review is from: At the Crest of the Tidal Wave: A Forecast for the Great Bear Market (Hardcover)
There was a movie which showed an approaching tidal wave. There was no noise because the wave was travelling faster than the speed of sound. This is the case of the oncoming financial tidal wave of disaster. One can hear the bullish rantings of a stream of advisors, nudging us into a sleeping wonderment of good things to come. The tidal wave is on its way. Prechter has pointed out the various items unfolding before our eyes. He was early in many of the prognostications, but they are surely falling into place. If you read the book, you will surely see how they are unfolding. Your financial health is at stake. The tech wreck was only the beginning. Read on, there is still time, but the book will be out of date in a couple of years.
4.0 out of 5 stars
Must Read,
By
This review is from: At the Crest of the Tidal Wave: A Forecast for the Great Bear Market (Hardcover)
This book is a must read for financial survival. Prechter has an engaging writing style. His opinions are often outrageous and sometimes too extreme. This value of this book is in that it is so different from the conventional financial press. Almost alone Prechter predicted the great bull market back in 1979. He then called the top prematurely but at least he did warn this readers that a top was coming. The scope of Prechter's vision is awesome. He has charts with trendlines going back to 1700 with projections for the next century. Chapter 11 "Manifestations of Investor Psychology" is very powerful.
1.0 out of 5 stars
Contrarian Bells Are Ringing,
By "freewheelmike" (Westchester, IL United States) - See all my reviews
This review is from: At the Crest of the Tidal Wave: A Forecast for the Great Bear Market (Hardcover)
Having read this book, as well as Ravi Batra's "Crash of the Millenium" and James Dale Davidson's "The Sovereign Individual", I can't help but point out that these are the same people that were telling us to expect a U.S.economic/financial market collapse throughout the '90s(see: "Blood in the Streets" and "The Great Reckoning" by Davidson/Rees-Mogg, "The Great Depression of 1990" by Batra, and Prechter's newsletters/special reports from that period). Obviously, they turned out to be just a tad off the mark. After a peruse of this material, have a look at one of Harry Dent's books for a look at the baby boom spending wave that continues through the latter half of this decade (Dent points out on his website that the current economic dip we are in is similar to the one that took place between 1920-1922, before the Roaring 20's market took off). The only way that the kind of boom the Spending Wave projects can ever take place would be if the majority are looking in the wrong direction. Material such as this book from Prechter, as well as Batra and Davidson, will do very nicely.
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