Prechter's Perspective Book

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Technical Analysis Books for Sale

Prechter's Perspective

(Conversations with Bob Prechter, Legendary Market Theorist)

Edited by

Peter R. Kendall

Selling Price: P500.00

Jacket Description:

The single most important insight is the fact that markets act paradoxically from what novices typically expect.

Man cannot change nature 's physical laws, but he can master them through understanding and harness their power for his benefit. The same is true of the laws of human social behavior The Wave Principle is the only method you can employ to stay in tune with the dynamics of human history and to be their master, not their pawn.

Market psychology is not responsive. It is not the result of events outside the market. Collective psychology is impulsive, self-generating, self-sustaining and self-reversing.. the market is the direct recording of the psychology that later creates the future.

Mankind through history is progressing along a natural pattern of growth. It 's not willy-nilly. It 's not a straight line. It 's not cyclical in the sense that we always return to zero. The trend is upward, but always taking the path of three steps forward, two steps back. That is the path of human social progress... In the world of social phenomena, the deepest reason for change is, "It 's time. "

The good news is being on the right side of the trend Misery and failure are created by trying to live in the old trend when a new one is in force. When the trend is up, it means expanding and producing, and when the trend is down, it means contracting and conserving so that you are fully prepared to benefit when the bottom is at hand

As each day or hour is plotted, one after another as you ponder the probabilities without satisfaction, there will come a point, as in a revelation, when the picture suddenly falls into place and you can say, "Aha! " In my experience, it has never failed to happen. While a good Elliottician will rarely be completely surprised, the resolution to your train of thought may occasionally be one that you did not expect to find Either way, it 's always a pleasure when you arrive.

For inquiries, email me at miko@tsupitero.com.