Market Analysis for the New Millennium foreshadows sweeping changes in market analysis for the twenty-first century and beyond. Featuring ground-breaking essays by 12 authors, this book builds a compelling case and shows you the evidence that will change the way you view financial markets and market analysis.
The entire premise of conventional analysis – that social events drive market events – is erroneous. That's why conventional analysts continuously encourage you to do the wrong thing at the wrong time and then scramble to explain market action after the fact.
Market Analysis in the New Millennium lights the way professionals should conduct financial analysis. The twelve contributors understand what's really going on in the markets. Collectively, they tear down convention and build a powerful case for a brand new way.
There is a common thread running through each of the essays in this book. Right now, those who espouse this view are in the minority. This volume brings hope that the right kind of market analysis will rise to prominence in the new millennium.
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.