authors / robert prechter

author and stock market analyst, known for his financial forecasts using the "Elliott wave principle".

0 wrong, 0 right, 3 open

prediction category testable status submitted
Over the next several months, DJIA back to 10,000. (But then, bear markets continue. With $20 a barrel crude oil, and 3000-4000 for the DJIA).
2.4.2009   		finance -9 months open 5.4.2009
Technical analyst Robert Prechter on Monday said he sees the United States losing its top AAA credit rating by the end of 2010, as he stuck by a deeply bearish outlook on the U.S. economy and stock market.
15.6.2009   		finance 5 months open 19.6.2009
(Bloomberg) -- Crude oil may plunge to less than $10 a barrel in the next decade after surging to a record $147 last year, said Robert Prechter, who achieved fame for cautioning on Oct. 5, 1987, that stocks would crash. “I expect crude oil prices to fall below $10 a barrel sometime over the next decade,” Prechter, founder of Elliott Wave International Inc., said in an e-mail yesterday. “It took many years for it to achieve $147.50, and it will take a long while for the full retreat to occur.” Oil should fall to between $4 and $10 a barrel based on a technical analysis called Elliott Wave principle, Prechter said in the Elliott Wave Theorist report last month. The forecast rests on a “supercycle” theory, which through a series of five waves from last century suggests a decline from last year’s peak.
12.8.2009   		other 57 months open 29.8.2009