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Beautiful Pictures
from the Gallery of Phinance
by Robert R. Prechter Jr.
Beautiful Pictures serves two purposes.
First it is a beautiful book that will look
terrific sitting on your desk - if you are a trader that
is quite the bonus.
Second this book is full of well presented and valuable
speculation information. If you want to learn about
technical analysis of investments and
Elliott
Wave Theory --read
this page.
Prechter's years of experience seem to have given him
the humility of knowledge. You can tell he knows and loves
what he is presenting; but he also knows he has just scratched
the surface of what he hopes will become the new millennium's
newest science.
Here is a quote from the introduction: "We
discover that the 'roughness' in the stock market --
its supposed 'irregularity' -- may be an artifact of
insufficient observation."
The difficult math has been done by
Prechter, leaving all your brain cells to deal with
the concepts presented.
If you
want the most current view from Robert Prechter read
his weekly Prechter's Market Perspective -
Think of it as Classic Prechter:
I think we can divide the second purpose of Beautiful
Pictures into two parts, Robert Prechter as tutor
and Robert Prechter as resource.
I learned quite a bit reading and following the graphs,
and renewed a great deal of knowledge I had forgotten.
I use many forms of analysis, Elliot Wave theory has
been in my tool chest for years. Many times an Elliott
Wave pattern will jump out at you, screaming for a trade.
There are many intricacies of Elliot Wave that I do not
use, but with the elegance that is a mathematical structure
this book presents them in attractive form.
That is the resource value of the book. Once finished
it will reside on a shelf by my computers, along with
a select few books. Beautiful Pictures will be
used. As I see patterns developing in markets, I reach
for these books to sharpen my eye as to what the tape
is saying.
The following is a fair assessment
of the Phinance Gallery:
Beautiful
Pictures is training for the eye of the novice
- and it is pleasing to the eye of the experienced.
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