See for yourself:
October 19, 2007:
November 27, 2007
February 27, 2008
March 19, 2008
May 7, 2008
June 25, 2008
August 20, 2008
October 28, 2008
February 25, 2009
March 2, 2009
May 29, 2009
June 19, 2009
Looks like Robert Prechter was right on the money. Get tomorrow's news today with a risk-free subscription to his forecast service.
Mainstream financial analysts always look for ways to explain market action through news stories and events. Conventional wisdom states that news and inter-market correlations cause market booms and busts, but such explanations rely on selective presentation of the data. In this video, Elliott Wave International's Asian-Pacific Financial Forecast Editor Mark Galasiewski shows you how Elliott wave analysis was able to predict Hong Kong's late '90s mania and its aftermath in real time -- without looking at the news or the market's "fundamentals."
Discover how Elliott wave analysis gives you a consistently logical explanation -- and debunk one of the major myths of what caused the Asian Financial Crisis -- in the free video, "The Real-Time Power of Elliott Wave Analysis: Debunking the Myths of the Asian Financial Crisis." Access Your FREE Video Now.
About the Publisher, Elliott Wave International: Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.
Robert Prechter talks about his bearish forecast for stocks and offers investment advice with Maria Bartiromo on CNBC's Closing Bell:
Contrarian view about the Dow:
Dow Could Hit 1,000: Elliot Wave's Prechter
Longtime technical analyst Robert Prechter said Tuesday he expects that the US economy will sink into a deflationary depression and stocks will plunge.
The Dow Jones industrial average stock index could fall to between about 1,000 and 3,000 points over the next five to seven years, he said in a telephone interview. The Dow unofficially closed at 9,744 Tuesday, up 0.59 percent.
"It is very clear there is substantial stock market risk," said Prechter, who urges investors to put their money in cash proxies such as safe-haven U.S. Treasury bills instead.
In 1946, when Ralph Nelson Elliott, who discovered of the Wave Principle, wrote Nature's Law -- The Secret of the Universe he said that the Fibonacci sequence provides the mathematical basis of the Wave Principle. Today, the Fibonacci sequence is used throughout many fields of knowledge (The Golden Mean in architecture for example) and in conjunction with the Wave Principle it is used by Elliotticians the world over to analyze markets, nature, and society/cultures (Socionomics).
But for those who would rather see images than numbers sometimes pictures are better than words to explain what Fibonacci is all about. Nature by Numbers, by Cristóbal Vila, does just that. It is a short movie inspired by numbers, geometry and nature:
Many infamous authoritarian regimes emerged during or after big bear markets
June 15, 2010
By Elliott Wave International
Fear and uncertainty that drive a severe bear market are the same emotions which can set the stage for authoritarianism, in most any nation.
"Bear markets of sufficient size appear to bring about a desire to slaughter groups of successful people. In 1793-1794, radical Frenchmen guillotined countless members of high society. In the 1930s, Stalin slaughtered Ukrainians. In the 1940s, Nazis slaughtered Jews. In the 1970s, Communists in Cambodia and China slaughtered the affluent. In 1998, after their country's financial collapse, Indonesians went on a rampage and slaughtered Chinese merchants." - Bob Prechter, Wave Principle of Human Social Behavior, p. 270
Why do authoritarian tendencies emerge only during bear markets in stocks?
"As society becomes more fearful, many individuals yearn for the safety and order promised by strong, controlling leaders." - The Socionomist, May 2010
Bob Prechter's new science of socionomics explains that stock market fluctuations mirror trends in people's collective mood. In simple terms, when the market is buoyant, it indicates positive social mood; the opposite when a bear market takes over.
The fascinating part is that because the stock market and social mood trend closely together, a forecaster can apply Elliott wave analysis to both -- and predict both.
Generally, widespread brutalities and wars do not follow the first phase of a bear market. Extreme violence, when it does occur, often follows the worst part of the market's downturn -- like the end of the Great Depression, a negative social mood period that ultimately ushered in World War II.
But even during the first phase, a negative social mood grows. So, if a forecaster determines correctly where in the wave structure social mood resides, he can make educated forecasts about what will follow in society -- given what has happened before under similar social mood trends.
Authoritarianism is a subject of heated discussions these days, which makes it a timely topic for a socionomic study. The latest, two-part issue of the monthly Socionomist gives you just that: A look at historic trends and specific forecasts for the years ahead.
Learn How to Anticipate and Prepare for Political Conflict and War, Bull Markets and Bear Markets. The 118-page Independent Investor eBook covers a vast array of investment topics and exposes myths that mainstream investors accept as fact. Once you learn the real cause of conflict and war, you might be surprised how the stock market plays a key role in forecasting major social events. Click here to download the 118-page Independent Investor eBook for FREE.
This article was syndicated by Elliott Wave International. EWI is the world's largest market forecasting firm. Its staff of full-time analysts lead by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
