Robert Prechtor published a book in 2002, "Conquer the Crash", which not only warned of the current financial crisis but also explained how to prepare for it. The basis of his insight is based on the Elliott Wave Principle. The Elliott Wave Principle is based on the Wave Principle which is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns.

One of the easiest places to see this phenomenon at work is in the financial markets, where changing investor psychology is recorded in the form of price movements. If you can identify repeating patterns in prices, and figure out where in those repeating patterns we are today, then you can predict where we are going in the future. The Elliott Wave Principle is named for its discoverer, Ralph Nelson Elliott. Mr. Elliott completed the bulk of his work on the Principle in the 1930s and 1940s. After he published his book in 2002 he provided a monthly Financial Forecast that gave updates on the coming of the crash.

I have subscribed for several years to his service which provides a monthly forecast. www.ElliottWave.com. I consider Robert Prechtor brilliant and a unique person as he clearly saw the problems we are now encountering in his socioeconomic analysis and his interpretation of the Elliott Wave Principle. His work may prove helpful for you.