The Verge of a Breakthrough
Bob Prechter's Latest Research
on Technical Analysis & the Wave Principle
The craft of technical analysis has been close to Bob Prechter's
heart for decades. So it's no surprise that he accepted a recent invitation
to speak with fellow "craftsmen," at a gathering of the Canadian
Society for Technical Analysts.
Even so, Bob used the opportunity to do a lot more than simply talk shop
with this prestigious group. Fortunately, his comments were recorded at
the time – and you can see and hear this entire presentation streaming
online, including dozens of charts.
"Implication of the Wave Principle for Technical Analysis" is
the title of his presentation, "implication" being the key word.
Bob Prechter is not one to exaggerate, yet you can be sure of this: after
you've watched and listened to this 58-minute video, you'll
know that the implication is very powerful indeed.
In Bob's own words: "It's time to take technical analysis to
the next level," which includes "bringing technical analysis
into the academic world…by submitting it to very rigorous testing."
That rigorous testing has begun – and much of what this video includes
is the results of that testing.
If you've heard Bob speak before, you know that he's uniquely
able to connect with novices and experts at the same time. If you haven't
heard him, this couldn't be a better introduction; he describes Ph.D.-level
research in language anyone can follow. Technical analysis rookies and veterans
alike can benefit from what Bob presents in this presentation:
- The structure of Elliott waves: How they show "variability"
and still unfold as recognizable patterns.
- What if the Wave Principle is a "better model" than standard
academic theories and other sophisticated models?
- Details of the statistical analyses that compared market models: You'll
see how well the "signature" Elliott patterns compare with actual
stock market data vs. how the signatures of other models compare
with that same data.
- The most rational explanation you'll ever hear for why statistics
are no substitute for "the way things look."
- The "how" and "why" of the way the Wave Principle
agrees with all the best tools of technical analysis – from momentum
to sentiment to patterns of every kind.
- Dow Theory and the Wave Principle: Bob compares and contrasts these
two venerable approaches.
- Edwards & Magee's most well-known market patterns: From the
"head and shoulders" to "triangles" to "triple
tops" – how the Wave Principle sheds new light on the research
of these pioneers in technical analysis.
- Why Bob spends so much of his time showing the worlds of finance and
economics why the "toys" of technical analysis are anything
but – in truth, they capture "the essence of human behavior
in a finance market."
His charts and visual displays – 46, in all – are the basis
of everything Bob Prechter discusses in this 58-minute streaming online
video. Get immediate online access now:
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To order via phone, call EWI Customer Service at 800-336-1618 (from within
U.S.) or 770-536-0309 (from outside U.S.) and mention code: SCG |
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Bob Prechter
Bob
Prechter has been named "the champion market forecaster"
by Fortune magazine and "the world leader in Elliott Wave interpretation"
by The Securities Institute. He has won numerous awards for market
timing, including the United States Trading Championship, and in 1989
was awarded the "Guru of the Decade" title by Financial
News Network (now CNBC). Bob holds a degree in psychology from Yale.
He served as the 21st president of the Market Technicians Association,
and is a member of Mensa, Intertel, and the Triple Nine Society. He
is Elliott Wave International's founder and CEO.
I
make my forecasts using the Wave Principle. I don't rely on
any data external to the market. I study the charts and interpret
the waves as best I can. I could do this on a desert island as long
as I had access to the charts. This method often places my forecasts
outside of public opinion because the majority relies on news, which
is always bullish at tops and bearish at bottoms. Majority opinion
cannot be any other way, because the herding nature of human beings
forms a popular consensus, which creates the market's trends
and turns."
- Bob Prechter
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