Market Analysis for the New Millennium

By Robert R. Prechter Jr.

Book Overview

Learn what's really going on in the markets 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 for the New Millennium lights the way professionals should be conducting 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. This volume includes classic issues of our publications as well as many new pieces. Here's part of what you'll find: New Studies in the Wave Principle and other studies in market analysis that reveal the latest findings in the field Fascinating essays on finance and philosophy to give you a deeper understanding of how markets really work Insight into investment manias so you don't get swept up and away with the crowd Requirements for successful forecasting and speculation to guide you as you put your newfound knowledge to work in the markets.

• Format: Paperback
• Language: English
• ISBN: 1616041099
• ISBN13: 9781616041090
• Release Date: October 2018
• Publisher: Elliott Wave International
• Length: 316 Pages
• Weight: 1.35 lbs.
• Dimensions: 0.7" x 6.1" x 9.2"

Customer Reviews

New Market Analysis - Excellent!

Since I have been introduced to Bob Prechter's Elliot Wave analysis and others like him, I have had tremendous success in the markets this past year. While I do not believe that Elliott Waves can predict exact stock market movements with a 100% degree of accuracy (who can?), I have been alerted to important tops and bottoms in this past year of a tempestous bear market environment and have profited in both directions. "Socionomics", as outlined in the book makes perfect sense as a social and economic indicator, and we see the exact scenarios that the book talks about taking place today in our global economy. A good read, as is Conquer the Crash (and no, I am not a paid reviewer for Prechter - I read and consider all points of view on the markets and the economy. This way of approaching the market is refreshing and insightful, not to mention profitable).

Scientific background of Elliott Wave Theory

R. N. Elliott announced the Wave Principles as the "Nature's Law" some 60 years ago. Since then, many Ellotticians has been predicting the market movements in perfect accuracy, using his methods. Mr Prechter's previous book, The Wave Principle of Human Social Behaviour, was about a new discipline called "Socionomics" which was the application of the Elliott wave principles to the Human Social behaviour. In that book Mr Prechter successfully proves that the Social Mood is the motor of all human activities, and the Elliott Wave Theory is the only method to analyse the market behaviour, which is indeed the mirror of the Social Mood, swinging from one extreme to another in the forms of waves.Market Analysis for the New Millennium is made up of 21 essays of 12 authors. In this book you will find interesting essays about the Social Models, Fractals and Chaos Theory, Mathematical basis of Wave Theory, Finance and Philosophy, Investment Manias, a new Elliott formation called Packet Waves, Sunspot Cycles and Stock Performance and the requirements for successful forecasting and speculation. In the Foreword, "Conventional analysis is a wasteland of irrelevance" says Mr Prechter. I agree. So what do we need to understand what's going on ? I recommend you to read this book, I'm sure you will change your views about the market movements, if you still didn't read the previous books about the Elliott Wave Theory.