Robert Prechter Quotes

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The correct method for tracking the stock market is to use semilogarithmic chart paper, since the market's history is sensibly related only on a percentage basis. The investor is concerned with percentage gain or loss, not the number of points traveled in a market average. Arithmetic scale is quite acceptable for tracking hourly waves. Channeling techniques work acceptably well on arithmetic scale with shorter term moves.

Robert Prechter

The target for a retracement following a fifth wave often is doubly indicated by the end of the preceding fourth wave and the 382 retracement point.

Robert Prechter

Robert Prechter

Robert Prechter

Born: 1949 (age 75)

Bio: Robert R. Prechter, Jr. is an American author and stock market analyst, known for his financial forecasts using the Elliott Wave Principle.

Known for:

Pioneering Studies in Socionomics (2003)

Robert Prechter on Wikipedia

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