The markets were reflecting a change in the public’s mood, like its music, and the state of business was a consequence of that change. It became obvious to him that the news lagged the markets and not the other way around. A deeper study of the rules of technical analysis led to the realization that markets regularly confounded the predictions of the fundamental approach. Prechter learned a lot about how markets actually moved. On joining Bob Farrell’s team at Merrill Lynch, Mr. Being an avid student of mass psychology inspired a "eureka!" moment. Taking an interest in the trends of pop music, there seemed to be fluctuation in moods that were correlated with the stock market as reported in the media. He had been developing it from his early days, even before working on Wall Street. ![]() Robert Prechter has produced a magnum opus explaining his new theory of finance.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |