Listen to 12 minutes of Bob Prechter's presentation to The International Federation of Technical Analysts, where he dismantles the commonly held beliefs that many use to forecast the markets.
Most financial experts think external factors regulate the financial markets. In just 12 minutes, Bob Prechter reveals eye-opening evidence that refutes the idea that:
You'll see why using the news and external events is not the way to forecast the stock market.
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Robert Prechter began his professional career in 1975 as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York. He has been publishing The Elliott Wave Theorist since 1979 and is the president of Elliott Wave International. He is also Executive Director of the Socionomics Institute, which studies social mood and its impact on social action, including the stock market and the economy.