Customer Reviews

Beautiful Pictures from the Gallery of Phinance

5 star:		(2)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(1)

 

 

This book is exactly what the Elliott Wave and Socionomics community has been needing for a long time; Beautiful Pictures is a book completely dedicated to Fibonacci relationships in the market regarding time and price during the entire move from 1932 to the market top in 2000.
My only complaint with the book was that I wished the time span covered would've started farther back than 1932 or so. It would've been great to see the entire stock history of the 20th century charted in all its perfect Fibonacci splendor.
After reading this book, perhaps more people will realize that the market has a life of its own and follows the same patterns of growth and decay as nature.

The clear evident is Nasdaq Index which was the real deal of the tech bubble. We can see that eventhough Dow surpassed Y2K peak, but Nasdaq never did that or even S&P 500 went beyound its old high only by a little. DJ 30 has a flaw with its indexing method,which is lower cap stock with higher price can move index more than bigger cap stock with low price (look at GE, MSFT they never make it back to Y2000 peak). I think the 1-star reviewer here didn't read any book of Prechter at all.

Btw, information in this book provides very good examples for reader how elliott wave and fibonacci can be used to project the market and stock. Thanks.

Prechters view is markets peaked in wave 5 in year 2000.
Never called the bottom in 2002, and stated the
high of year 2000 would not be surpassed.
Well 7 years later the DOW has indeed surpassed the year 2000 high!
High of 2000 was ~12000, today it is nearly ~14000 !!

Listening to his advice would cost one dearly.
Not only missing out on the recent market rise, but also constantly
pushing one to take a bearish stance against the market during the
entire rise over the past 5 years, while the market was rising!