{"product_id":"v06-c04-peaking-pdf","title":"V.6:4 (129-132): Peaking of a grand supercycle by Robert J. Prechter Jr.","description":"Peaking of a grand supercycle\nby Robert J. Prechter Jr.\u003cbr\u003e\u003cbr\u003eFor 13 years, A. J. Frost and I have made the case that a great \"fifth wave\" bull marketthe\ntermination phase of a longer term uptrendwas in force and that it would be followed by a bigger crash\nand bear market than those of 1929-1932.\u003cbr\u003e\u003cbr\u003eFrom this perspective, October 19,1987 was not an anomaly in the stock market. Certainly, it has entered\nthe history books as the largest down day in Wall Street history, and one of the broadest. But it was\ntypical market behavior, the normal resolution of a pattern wave analysts have observed hundreds of\ntimes in smaller degree. What makes the October 1987 drop special is that such large \"kickoffs\" to bear\nmarkets of this magnitude are rare.\u003cbr\u003e\u003cbr\u003eIn 1941, R.N. Elliott, with limited data, concluded that the year 1857 had marked a second wave bottom\nand that 1928-29 was a third wave peak in a gigantic uptrend of Grand Supercycle degree. This meant\nthat the multi-decade advance from 1932 would be the termination phase of the expansion which began\nat the founding of the Republic. His was a remarkable observation given that he had discovered the Wave\nPrinciple five years before in smaller-degree formations and that his data were limited to stock price\nrecords from 1854 to 1941. But was he correct?","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133779243377,"sku":"\\V06\\C04\\PEAKING.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1eae26bf-488a-441d-bf2f-c793b0be6f99.jpg?v=1739652247","url":"https:\/\/shop.traders.com\/products\/v06-c04-peaking-pdf","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}