Product Description

Market Analysis for the New Millennium lights the way professionals should be conducting financial analysis. The contributors understand what’s really going on in the markets. Collectively, these twelve authors tear down convention and build a powerful case for a brand new way.

Here’s part of what you’ll find:

· New Studies in the Wave Principle and other studies in market analysis that reveal the latest findings in the field

· Fascinating essays on finance and philosophy to give you a deeper understanding of how markets really work

· Insight into investment manias so you don’t get swept up and away with the crowd

· Requirements for successful forecasting and speculation to guide you as you put your newfound knowledge to work in the markets

There is a common thread running through each of the essays in Market Analysis for the New Millennium. Right now, those who espouse this view are in the minority. This volume brings hope that the right kind of market analysis will rise to prominence in the new millennium. "Arguably the most thoughtful and thought-provoking book on technical analysis in at least the last couple of generations." –Martin J. Pring, author, Technical Analysis Explained, Introduction to Technical Analysis and Martin Pring on Market Momentum

"This book should become a classic. It is a must read for budding financial analysts who wish to understand and to participate in the coming explosion of scientific work that will undoubtedly be coming in this field during the twenty-first century. For veteran analysts, it is a treasure trove of excellent reference material sure to organize your mind for what is ahead. Read it!" --Frank A. Peluso, Chairman, Market Systems Research, Inc., recipient of the Putnam Fellowship in mathematical physics at Princeton University

"Market Analysis for the New Millennium is another class act by Robert R. Prechter, Jr. It is a compendium of challenging insights, provocative theories and useful techniques from an assembly of masterful contributors. For the serious analyst who wishes to take the Wave Principle to a higher level, this book is must reading." -- Professor Henry O. Pruden, Ph.D., Ageno School of Business, Golden Gate University; Executive Director of the Institute for Technical Market Analysis (ITMA)

"The amazing aspect of Market Analysis for the New Millennium is not just how prolific a writer Prechter is but how he has maintained such a high quality of original thinking and exposition. Bob has put together a winner that will benefit amateur and professional market watchers alike." --Peter Eliades, editor, Stockmarket Cycles; recipient of the MTA’s 2001 Charles Dow Award for Excellence in Technical Analysis

"Along with his co-authors, Prechter has once again raised the credibility of market analysis to levels others thought were not possible." --Ralph J. Acampora, CMT, Director of the Technical Research Department at Prudential Financial in New York City; President and co-founder, Market Technicians Association (MTA)

Product Details

• Amazon Sales Rank: #1447239 in Books
• Published on: 2002-07
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 312 pages

Customer Reviews

Scientific background of Elliott Wave Theory
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.

New Market Analysis - Excellent!
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).

New Market Analysis - Excellent!
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).