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Description of At the Crest of the Tidal Wave

′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



′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



′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



′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 same author stood virtually 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



′Robert Prechter and R.N. Elliott 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



′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 1980s, 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 Finance/Investment

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Title Information

ISBN:

9780471979548

Pages:

336 pages

Format:

Paperback

Product Code:

5708

Publisher:

John Wiley & Sons Ltd

Published:

30/10/1997

Edition:

New edition

Press and Industry Reviews

'1996 Book of the Year'
- The 1996 Supertrader's Almanac

'The icy logic and stunning originality with which Pretcher 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 same author stood virtually 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

'Read this book. You may not agree, but you must understand Pretcher's argument. Ignorance may not be bliss; it may mean bankruptcy. Ignore this message at your risk.'
- Richard D. Lamm, Dartmouth College Fellow, Governor of Colorado 1975-1987

'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 1980s, only a very few people visited his tent. I hope more people will 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

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About Robert Prechter

Robert R. Prechter, Jr. is author of several books on the market and editor of two monthly forecasting publications, The Elliott Wave Theorist and Global Market Perspective. During the 1980s, Robert Prechter′s market calls were so consistently accurate that in December 1989, Financial News Network named him ′Guru of the Decade′. In 1990–1991 he served as President of the Market Technicians Association. In the 1990s, Mr Prechter has developed Elliott Wave International into a 24–hour analysis and forecasting firm that services institutional and private investors around the world. EWI provides long–term as well as on–line intraday analysis covering stock markets, currencies, interest rates, key commodities and social trends that is available via Bloomberg, Bridge, Dow Jones, DTN, Reuters, and the Internet. Mr. Prechter attended Yale University on a full scholarship and graduated in 1971 with a degree in psychology. He began his career as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York City.

Contents of At the Crest of the Tidal Wave

1. Perspective

Part 1: The Stock Market

2. Patterns and Their Implications
3. The Inflation-Ajusted Dow
4. Time and Price Considerations for the Final Top
5. Expectations for the Great Bear Market
6. The Dow Jones Transportation Average
7. The Dow Jones Utility Average
8. The Broad Indexes and Secondary Stocks

Technical Analysis

9. Momentum Considerations
10. Investor Psychology: Valuation
11. Manifestations of Investor Psychology
12. The Role of Fundamentals


Part 2: Other Areas

13. The Economy
14. The Monetary Outlook
15. High Yield Bonds
16. High Grade Bonds
17. Gold
18. Commodities
19. Collectibles
20. Real Estate
21. How to Handle the Coming Environment

Appendix A: A Capsule Summary of the Wave Principal
Appendix B: The Message from Fixed Time Cycles
Appendix C: U.S. Stock Values in Terms of Gold
Appendix D: Illustrations Updated Through May 1996