In Beautiful Pictures, Robert Prechter exposes a web of instances in which major waves in the stock market during the 20th century are in Fibonacci proportion to each other in time and/or price. Described by Prechter as the "coolest book" he's ever written, the large 8 1/2 X 11 pages show you every chart and graph in exquisite detail.
In Beautiful Pictures, Robert Prechter expands substantially upon R.N. Elliott's observation that the Fibonacci sequence and ratio govern the extent of stock market prices. You'll be stunned and inspired as, with meticulous care, Prechter reveals instance after instance from the previous century in which major stock market waves are in precise Fibonacci proportion to each other. The number of these instances is so high, the size of the waves so large and the relationships so precise that you'll agree the observations appear to corroborate Elliott's radical contention that the Fibonacci sequence and ratio govern the financial markets as they vacillate in waves.
Bob Prechter has written many books, but he says, "The coolest of them all is Beautiful Pictures. It was the hardest one to write because of all the calculations involved. But the end result was a gallery of simple, clear graphs that will let you see at a glance the incredible way that Elliott waves -- going all the way back to 1932 -- are proportioned in time and price."
Someday, the financial world will catch up to these ideas, but you will enjoy the future now when you look at these truly beautiful pictures. The book is a large size, with full 8 1/2x11 pages so you can see every chart clearly. With just this guide, you will find that you can forecast market turning points yourself.
If you're serious about the stock market, you have to put this book in your personal library.
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.