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Neues Buch von Prechter

verfasst von -- ELLI --, 18.02.2003, 22:47

-->Dear Club EWI Members,

It
shouldn't surprise you to learn that I've got a deep professional respect for
Bob Prechter. He's a gifted writer, exceptionally intelligent, and is as
independently minded as anyone you'll ever meet.

The
thing is, I've known a few other people who fit this description, and none of
them were a pleasure to know personally. These qualities actually make a good
formula for being an SOB.

Yet
Bob is an exception to this rule of my experience. In the eleven years I've
known him, I've never once heard him raise his voice or rebuke an employee for a
mistake. He's as friendly and approachable as the guy who delivers my mail.
There are many, many days when Bob has been both spectacularly right and wrong
in his market forecast. But you could never tell which is true if you pass him
in the hall or go into his office; you get an equally pleasant reception either
way. This is the quality I admire most in Bob Prechter.

Now,
you're surely wondering where all this apparent flattery of my boss is headed.
It flows from something I learned today about Bob, namely what he said about
himself in a Wall Street Journal interview back in 1987:

"I'm
probably going to be wrong about something in a big way around the top...
I'll probably express caution too early, in which case people will say baloney
on this crash stuff."

I
hadn't read that before, though Bob repeats it in View From The Top,
the new book he just published. If you're familiar with Bob's career you'll
realize what a mind-boggling forecast is in this remark. The media literally
made him"Guru of the decade" in the 1980s, but assailed him for
turning bearish in the 1990s.

[img][/img] View
From The Top looks very candidly at the success of our long-term forecast
from the late 1990s, and at those times along the way when our analysis failed.
There's an enormous amount that a reader/investor can learn in both cases, and
that's why Bob is publishing the book.

He
doesn't chest-beat in the successes, and doesn't grovel over the failures. The
point is to learn -- about one's method, and (as importantly) about one's self.
In turn, you present what you've learned to others. It's what you'd expect from
a guy who's completely at peace with himself no matter what the market is doing;
I understand this a bit better now, and I hope you will too.

View
From The Top will be available on about February 21. Elliott Wave
International is now accepting pre-orders of View From The Top.

Reserve
your copy now.
More
information

Best
Regards,

<img alt="Robert Folsom" src="http://www.elliottwave.com/images/analysts/robertfolsom.gif" width="150" height="36">

Robert Folsom

Elliott Wave International

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Neues Buch von Prechter - -- ELLI --, 18.02.2003, 22:47