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Type of bind: Hardcover
Dewey Decimal Number: 332.632042
EAN num: 9780932750600
ISBN number: 0932750605
Label: New Classics Library
Manufacturer: New Classics Library
Quantity: 1
Page Count: 248
Printing Date: September 12, 2003
Publishing house: New Classics Library
Sale Popularity Level: 81857
Studio: New Classics Library
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Editor's Notes and Comments:
Product Description:
Economists have long insisted the market is 'efficient' and 'random,' with no relationship between one move and the next. This logic suggests we can learn nothing from studying the stock market's past, and that its direction is impossible to forecast.
So you can imagine how millions of investors would feel if they could see the striking similarities between a recent price chart of the Dow Jones Industrial Average -- and one from over 70 years ago.
Robert Prechter illustrates this and more in his new book, Beautiful Pictures From the Gallery of Phinance. Chart after chart displays stunning relationships in both price and time that appear repeatedly over the decades -- and all according to a specific series of numbers called the Fibonacci sequence.
The vast web of market similarities Prechter exposes in Beautiful Pictures presents the opportunity to understand patterns. Those who take advantage of that opportunity will discover a thrilling new market perspective.
User popularity level:
Rated by buyers 
-
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, yesterday 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!
Rated by buyers 
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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.
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