In this free report, EWI President Robert Prechter goes beyond the usual definitions for the term "fractal" and explores a new entity, the "robust fractal."
How do a seacoast, the human hand, a spiraled flower, and DNA relate to the stock market?
That is a very interesting question to most and the answer will surprise you but it isn't as simple as "they are all fractals" despite the title of this report. Through 13-pages, excerpted from financial analyst Robert Prechter's revolutionary book, The Wave Principle of Human Social Behavior and the New Science of Socionomics, you'll go beyond the usual definitions for the term "fractal" and explores a new entity, the "robust fractal." Of which the implications for stock market patterns and timing are profound:
"Understanding how the stock market progresses at all degrees of trend gives you an invaluable perspective. No longer do you have to sift through the latest economic data as if they were tea leaves."
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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. Prechter has been named "one of the premier timers in stock market history" by Timer Digest, "the champion market forecaster" by Fortune magazine, "the world leader in Elliott wave interpretation" by The Securities Institute, and "the nation's foremost proponent of the Elliott wave method of forecasting" by The New York Times.