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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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