Prechter's Perspective: Conversations with Bob Prechter, Legendary Market Theorist - Softcover

Prechter Jr., Robert R.; Kendall, Peter

Softcover

ISBN 10: 0932750613 ISBN 13: 9780932750617

Publisher: New Classics Library, 2004

Synopsis

Prechter's Perspective gives you an inside look at the man named "Guru of the Decade" after winning the U.S. Trading Championship with a record 444.44% profit.

Prechter's Perspective compiles actual trading knowledge from a career that took Bob Prechter three decades to build. You'll get Bob's thoughts on how Fibonacci ratios can help you time the markets and when to use risk-limiting stops. You'll get his tips on ruling out emotional tendencies and using discipline to keep the markets in your favor.

This book gives you lots of detail about the markets over the last 25 years, but it's more than just a history lesson. Bob also teaches you about how the Wave Principle applies to anticipating the legacies of national leaders, trend changes in pop culture and the next big move in the markets (plus the little ones, too).

If you're a newcomer to Elliott Wave or if you're looking for the right resource to give a friend, family member or colleague, this 221-page newly revised edition of Prechter's Perspective is the best overview of the Wave Principle you can get.

About this title

About the Author

Robert R. Prechter, Jr., CMT, is founder and president of Elliott Wave International. He has been publishing market commentary since 1976. In 1984, Bob set a record in the options division of the U.S. Trading Championship with a real-money trading account. In December 1989, Financial News Network (now CNBC) named him Guru of the Decade. Bob served for nine years on the Board of the Market Technicians Association and in 1990-1991 served as its president. During the 1990s, he expanded his firm to provide analysis for institutions on every major financial market in the world. Bob has written 13 books on finance, most notably the two-volume set, Socionomics - The Science of History and Social Prediction. His recent title, Conquer the Crash - You Can Survive and Prosper in a Deflationary Crash and Depression, was a New York Times and Wall Street Journal business best-seller. In 1999, Bob received the CSTA's first annual A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis. In 2003, Traders Library granted him its Hall of Fame award. In 2004, The Atlanta Business Chronicle listed Mr. Prechter among the Who's Who in Banking and Financial Services.

From the Inside Flap

This book is drawn from Robert Prechter's media interviews (1977 - 2000), selected excerpts from The Elliott Wave Theorist, The Elliott Wave Financial Forecast and other sources. With a contrary yet common-sense approach to markets and a straight-forward style, Prechter tells us what modern investors go out of their way to ignore: the market is layered with complexity. An added bonus is that much of his commentary on markets, investing and social events is timeless. In displaying the full bounty of the Wave Principle, Bob paints a compelling and highly readable portrait of both the structure and the irony behind the social activities of man.

"In the biggest imaginable picture," says Prechter, "the trend is always up, according to the Wave Principle. Mankind is on an upward path, with corrections along the way as he moves through history." Beyond this heartening message, the Wave Principle's true value is the way in which it accounts for those "corrections along the way." In doing so better than any other tool, it has an accomplished record of forecasting success. Bob has extended this success to forecasting changes in the culture at large, which he covers in the final chapter.

Join me on an enjoyable journey through Prechter's Perspective.

-- Peter Kendall, Editor

Edition details

• Publisher: New Classics Library
• Publication date: 2004
• Language: English
• ISBN 10: 0932750613
• ISBN 13: 9780932750617
• Binding: Paperback
• Edition number: 2
• Number of pages: 221