The March 2004 issue of The Elliott Wave Theorist postulated a 7-year crisis cycle going back to 1973 and used it to predict another crisis in 2008. Here are the table and the forecast from that issue:
—1973: Arab oil embargo, with spillover into 1974 stock market low of wave IV.
—1980: peak in the inflation rate; top in gold, silver and mining stocks, interest rate spike, stock-market “massacre” and low of wave 2 (circle).
—1987: stock market crash and low of wave 4 (circle).
—1994: “Republican Revolution;” suspicion of government due to Waco attack (1993), “black helicopters,” etc.; stock market breaks uptrend line at low.
—2001: successful terrorist attack on the World Trade Center; low of wave (3) of 1 (circle) [actually 3 (circle) of a]. (more)
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