Exclusively available for Faka’s @opropriofaka followers!
GET INSTANT FREE ACCESS
Linear Extrapolation vs. Fractal Extrapolation
Markets don’t move in a straight line — but that’s how most economists forecast.
Stop thinking linearly!
EWI founder Bob Prechter shows you why pattern recognition and Elliott waves work better in this illuminating video recorded in front of a live audience.
Robert R. Prechter’s name is familiar to market observers the world over. Since founding EWI in 1979, Prechter has focused on applying and enhancing the Wave Principle, R.N. Elliott’s fractal model of financial pricing. Prechter shares his market insights in The Elliott Wave Theorist, one of the longest-running financial publications in existence today. Prechter has developed a theory of social causality called socionomics, whose main hypothesis is endogenously regulated waves of social mood prompt social actions. In other words, events don’t shape moods; moods shape events. Prechter has authored and edited several academic papers. He has written 18 books on finance and socionomics, including a New York Times bestseller.