Customer Reviews

Market Analysis for the New Millennium

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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.

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).

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).

this is probably the worst book you could buy. The author's pseudoscientific observations are worthless. His market predictions would have bankrupted anyone who listened to him in the last 10 years. There is no evidence that Elliot Waves have any predictive ability.