Beautiful Pictures

Robert R Prechter

Beautiful Pictures
Format
Paperback
Publisher
New Classics Library
Published
23 June 2022
Pages
264
ISBN
9781616041212

Beautiful Pictures

Robert R Prechter

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Economists have long insisted the market is "efficient" and "random," with little to no relationship between one move and the next. This view suggests we can learn nothing from studying the stock market's past, and that its turning levels are impossible to anticipate. Robert Prechter challenges this view and more in his book, Beautiful Pictures from the Gallery of Phinance. Chart after chart displays price and time relationships that adhere to ratios attaching to a series of numbers called the Fibonacci sequence. The vast web of market similarities Prechter reveals in Beautiful Pictures presents the opportunity to understand the mathematical basis of social mood, which regulates stock price averages. The final pages record an application of the idea to real-time market forecasting. Take advantage of that opportunity and discover a whole new market perspective.

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