Host
Chris Waltzek & Bob Chapman, The International
Forecaster discussion and answer listener's questions.
GUEST
BIOS:
Robert
Prechter Jr.
Elliott
Wave International
Robert
R. Prechter, Jr., CMT, is founder
and president of Elliott Wave International,
the world’s largest independent
financial forecasting firm. He has been
writing market commentary since 1976.
In 1984, Bob set a record in the options
division of the U.S. Trading Championship
with a real-money trading account. In
December 1989, Financial News Network
(now CNBC) named him "Guru of the
Decade." Bob served for nine years
on the national Board of the Market
Technicians Association and in 1990-1991
served as its president. During the
1990s, he expanded his firm to provide
round-the-clock analysis on global financial
markets. Bob has written 13 books on
finance, beginning with Elliott Wave
Principle in 1978, which predicted a
1920s-style stock market boom. His 2002
title, Conquer the Crash - You Can Survive
and Prosper in a Deflationary Crash
and Depression, was a New York Times
best-seller. In 1999, Bob received the
CSTA’s first annual A.J. Frost
Memorial Award for Outstanding Contribution
to the Development of Technical Analysis.
In 2003, Traders Library granted him
its Hall of Fame award.
Prechter’s
current interest is a new approach to
social science, which he outlined in
Socionomics—the Science of History
and Social Prediction (1999-2003). This
two-book set presents a theory of endogenously
regulated social mood and its manifestation
in social action. In July 2007, The
Journal of Behavioral Finance published
“The Financial/Economic Dichotomy:
A Socionomic Perspective,” a paper
by Prechter and his colleague, Dr. Wayne
Parker. Prechter has made presentations
on his socionomic theory to the London
School of Economics, Georgia Tech, MIT,
SUNY and academic conferences. He recently
created the Socionomics Institute, which
is dedicated to explaining socionomics,
and he funds the Socionomics Foundation,
which supports academic research in
the field.
Peter
G. Eliades, Editor and Publisher, Stockmarket
Cycles
Born 5-26-39 in Lowell, Massachusetts
Lowell High School – 1956
Harvard College, A.B. 1960
Boston University Law School
J.D. –1963 (passed Massachusetts Bar Exam)
Married – three children
Upon
graduation from Boston University Law school,
Peter Eliades moved to New York City where he
entertained as a singer and pianist in Manhattan
cabarets and off-Broadway musical comedy. In
1967, he moved to Los Angeles and continued
his musical career. In 1968, with a lot of time
and curiosity and a little money, Mr. Eliades
initiated his stock market studies.
In
1972, he began his financial career as a stockbroker
and appeared as a stock market analyst on Los
Angeles television station KWHY, the nation’s
first financial TV station. Several times in
the fall of 1974, he predicted on KWHY that
a major market bottom would occur during the
week of December 9-13, 1974. The exact Dow low
of 570.01 occurred on December 9, 1974. Publication
of Stockmarket Cycles began in July of 1975.
In 1985, the first year he was rated by the
independent rating services, Mr. Eliades earned
the Timer Digest’s "Timer of the Year"
award and placed second in 1986 in a close race
which wasn’t decided until the final trading
day of the year. In 1989, Mark Hulbert (Hulbert
Financial Digest) named Mr. Eliades as the "Most
Consistent Mutual fund Switcher" based
on Eliades timing signals for the years 1985,
1986, 1987, and 1988. From January 1985 when
Hulbert first started rating Stockmarket Cycles,
through August 1990, Stockmarket Cycles had
the #1 market timing record in the country with
a timing gain of 174.3% versus a comparable
gain in the Wilshire 5000 Total Return Index
of 119%.
Mr.
Eliades has been a regular panelist on ABC’s
weekly Sunday show, Business World, and has
made guest appearances on FNN, CNBC, Wall Street
Week, and Nightly Business Report. He has been
featured in some of the nation’s most prestigious
publications including Barron’s, The Wall
Street Journal, Forbes and Futures Magazine
among others.
Mr.
Eliades’ theory of price movement in the
stock market relates to repeating cycles rhythms.
Fundamental news has no effect on market timing
and affects only long-term trends. In over 16
years of uninterrupted market letters, he has
rarely mentioned a fundamental news story in
relation to the market. Mr. Eliades’ analysis
is 100% cyclically and technically oriented.
Stockmarket
Cycles provides market timing for the more important
intermediate to long term trends for mutual
fund switching. Short-term timing is also provided
for stock index futures and index options via
the daily telephone updates.
