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Hi Frans,
I emailed customer service at elliottwave.com and asked them but prolly
won't get a response for a day or two. In the meantime I looked at some of the
past interviews w/ Prechter at their site.
http://www.elliottwave.com/club/content/classic_articles_090700/qanda_ewt.htm
Jack
Frans Derksen wrote:
> Hi Jack,
>
> Did you already ask this (not-dumb) question to "The Elliott Wave Theorist" ?
> I'm interested in Prechter's own answer........
> I mean if he doesn't admit he was wrong about his '98-bear forecast and in
> '95 in his book: Crest of a tidal Wave, a Forecast for the great
> Bearmarket(For mr. Issen ISBN 0-932750-39-7), than Rajesh may have a point
> where he wrote:
>
> >Bob refused to accept an alternate count when the market action didnt match
> > his prediction putting his ego above the mechanics of the count.
>
> Rgds.
> Frans
>
> At 09:04 5-11-00 -0500, you wrote:
> > 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. "
> > 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:
> > 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.
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