In this chart-filled presentation, Robert Prechter shows you how, in easy-to-understand terms, technical analysis captures "the essence of human behavior in a finance market." Technical analysis rookies and veterans alike can benefit from this presentation.
The craft of technical analysis has been close to Robert Prechter's heart for decades. So it's no surprise that he accepted an invitation to speak with fellow craftsmen at a gathering of the Canadian Society for Technical Analysts in 2009.
He used the opportunity to do a lot more than simply talk shop with this prestigious group. He presented his lecture titled Implication of the Wave Principle for Technical Analysis, with "implication" being the key word. Prechter is not one to exaggerate, yet you can be sure of this: after you've watched this presentation, you'll know that the implication is very powerful indeed.
In Bob's own words: "It's time to take technical analysis to the next level." This includes "bringing technical analysis into the academic world...by submitting it to very rigorous testing." This video shows you the fascinating results of these rigorous tests.
If you've heard Bob speak before, you know that he's uniquely able to connect with novices and experts at the same time. If you haven't heard him, this couldn't be a better introduction.
Robert Prechter began his professional career in 1975 as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York. He has been publishing The Elliott Wave Theorist since 1979 and is the president of Elliott Wave International. He is also Executive Director of the Socionomics Institute, which studies social mood and its impact on social action, including the stock market and the economy.