A Fireside Market Chat With Robert Prechter and Avi Gilburt

An evening of insight into how two Elliott Wave powerhouses -- Robert Prechter from Elliott Wave International and Avi Gilburt from ElliottWaveTrader -- developed their strategies and how they currently apply EW to the equity markets and precious metals, presented live on Wednesday October 30, 2024.
Risk Disclosure: Investing (including futures and forex trading) contains substantial risk of loss and is not suitable for every investor. You could potentially lose all or more than your initial investment. Past performance is not indicative of future results. EWT is not a broker-dealer or investment advisor, does not owe a fiduciary duty to you, and is not providing any customized advice that takes into account your specific circumstances. Content provided by our analysts on our site and outside of our site does not constitute investment advice and is offered for information purposes only. Any of your actions or forbearance from taking action based on our content or the use of our services is entirely at your own risk. View our terms: www.elliottwav....

[@goldzigzag]

This was absolutely fantastic. Thank you Tom for just letting them talk. For me, you were the real star of the show.

[@bruce7992]

Very enjoyable discussion.

[@mikep9913]

Avi is a class act. I’ve been a member of Elliot Wave Trader and found his expertise invaluable for preserving my wealth.

[@Chiefstorm1]

What a treat, thank you so much for doing this.

[@sibtainm]

Much grateful to these two gents ! A world of opportunities have opened up . An avid follower of EW.

[@digimat77]

Wow, touching story about Avi's wife. Doing what you love is so important and it's incredible that your wife was so supportive.

[@nirvaanmeharchand5896]

Great guests and interview - thank you.

[@Legion1811]

This was truly a great discussion, come over here per Avi alerting me to this discussion on his EWT service, of which I am a happy member.

[@ANtr431]

Alright, I usually check in on this channel to see newly posted vids.

[@phazon6179]

2 finance legends chatting, what a blessing

[@keithtonibrackin5600]

Thank you for the great show. We need Constitutional Money! 👍🤠

[@CodiCox]

EXCELLENT VIDEO!!!

[@abdulalam4711]

Thanks to these two gentlemen, I've been a profitable trader for a few years now. Like Avi said, EW was the missing piece. I am truly grateful to these two wonderful humans!

[@gantz0949]

Just curious how long it took u before it clicked and became proficient

[@gantz0949]

Whrn Robert said FA will move over to TA but u never hear it going the other really hit. So true

[@johanlindqvist2956]

Add fractals to your ewt you get really nice levels and a picture of how the market will move. So look at the first wave in 1-5 min timeframe you get a pic of what the whole structure will look like.

[@mathiussersen958]

Awesome !

[@janreichenbach265]

Just say NO to Robert Prechter and his disastrous stock market "expertise". He basically forecasts a big bear market since late 1987 ! for the US stock market. I sadly subscribed to his newsletter, luckily I smelled a rat and did not trade on his setups. Listening to Prechter will mean you'll lose your last shirt ! :(

[@ChrisWilson-je5sl]

EW is a great tool for context, but not so much for predicting market moves. If you just think about it for a minute, there actually is no way of predicting the market. All you can do is react, not predict. This whole rationalization of "social mood" seems like a justification for wave counts. I know that sounds like an attack on EWI, but at some point you have to live by your track record. I give Prechter credit for writing the book back in the day, and for being fortunate enough to have access to Bob Farrell. I do appreciate the humility by both gentlemen.

[@janreichenbach265]

@@ChrisWilson-je5sl When I place a trade / bet (how you want to word it) on the future direction of whatever, I predict something. I don't give Prechter credit for anything other than getting it wrong for now > 30 years. I'm so glad I discoverd the genius of Warren Buffett and his repeated advice that because of long-term growth of US corporate proftis, of course, the broad market will HAVE to rise to. There'll be nasty setbacks, but they can of course not be forecasted with 100% accuracy. Suggesting to investors the should short the US stockmarket is financial suicide long-term. I'll never ever again listen to Prechter, but hope I've rescued some investors from his "expertise".

[@bilalkhan-sz5lf]

oh my! this will be good

[@betun130]

When did Avi's hair go?

[@philipsamuelsen7904]

Elliot Wave Trader and Theory is the missing link to trading success.

[@meme_lover]

If there is no safe bank then create one with your own money in California.