01-25-2022, 02:18 AM
Robert Prechter - 230 Year Grand Super Cycle Peak 2022
<!-- SC_OFF --><div class="md"><p>Robert Prechter, known for developing a theory of social causality called socionomics, for developing a new theory of finance and for his long career applying and enhancing R.N. Elliott’s model of financial pricing called the Wave Principle. He is also a NYT best seller, co-author and author of 14 books, founder of Elliot wave theorists, ex Merrill Lynch technician & served on the board of CMT association. He is a well decorated technician.</p> <p>I have been following him for a few months now and he believes we just topped (impressively charted it in real time as it was happening) a 230 year long grand supercycle & we are due for a very severe crash. Something comparative to the south sea bubble or Great Depression crash.</p> <p>Although highly speculative claim, it is interesting to think about. What would this look like? A crash back to the 08 lows? Maybe a bit lower if he considers that the end of wave 4. Perhaps, it would look like S&P near ~500? This would be the most spectacular crash of our life time.</p> <p>I found this YouTube video interview/podcast with him if you would like to hear him out yourself: <a href="https://m.youtube.com/watch?v=mPo0pt6wkdQ">https://m.youtube.com/watch?v=mPo0pt6wkdQ</a></p> <p>To those of you unaware of Elliot wave theory. It is a very speculative & unproven (although hardly studied) charting technique. Most Elliot wave forecast are done by complete amateurs and can be chalked up to be noise. However, Robert Prechter is IMO the Michael Jordan of this practice. If this theory does have any predictive power, he is the one I’d trust to chart it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FractalsSourceCode"> /u/FractalsSourceCode </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/sbr9ti/robert_prechter_230_year_grand_super_cycle_peak/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/sbr9ti/robert_prechter_230_year_grand_super_cycle_peak/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Robert Prechter, known for developing a theory of social causality called socionomics, for developing a new theory of finance and for his long career applying and enhancing R.N. Elliott’s model of financial pricing called the Wave Principle. He is also a NYT best seller, co-author and author of 14 books, founder of Elliot wave theorists, ex Merrill Lynch technician & served on the board of CMT association. He is a well decorated technician.</p> <p>I have been following him for a few months now and he believes we just topped (impressively charted it in real time as it was happening) a 230 year long grand supercycle & we are due for a very severe crash. Something comparative to the south sea bubble or Great Depression crash.</p> <p>Although highly speculative claim, it is interesting to think about. What would this look like? A crash back to the 08 lows? Maybe a bit lower if he considers that the end of wave 4. Perhaps, it would look like S&P near ~500? This would be the most spectacular crash of our life time.</p> <p>I found this YouTube video interview/podcast with him if you would like to hear him out yourself: <a href="https://m.youtube.com/watch?v=mPo0pt6wkdQ">https://m.youtube.com/watch?v=mPo0pt6wkdQ</a></p> <p>To those of you unaware of Elliot wave theory. It is a very speculative & unproven (although hardly studied) charting technique. Most Elliot wave forecast are done by complete amateurs and can be chalked up to be noise. However, Robert Prechter is IMO the Michael Jordan of this practice. If this theory does have any predictive power, he is the one I’d trust to chart it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FractalsSourceCode"> /u/FractalsSourceCode </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/sbr9ti/robert_prechter_230_year_grand_super_cycle_peak/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/sbr9ti/robert_prechter_230_year_grand_super_cycle_peak/">[comments]</a></span>Kind Regards R