Beautiful Pictures: from the Gallery of Phinance

by Robert R. Prechter Jr.

Book Overview

Economists have long insisted the market is "efficient" and "random," with little to no relationship between one move and the next. This view suggests we can learn nothing from studying the stock market's past, and that its turning levels are impossible to anticipate. Robert Prechter challenges this view and more in his book, Beautiful Pictures from the Gallery of Phinance. Chart after chart displays price and time relationships that adhere to...

• Format: Paperback
• Language: English
• ISBN: 1616041218
• ISBN13: 9781616041212
• Release Date: June 2022
• Publisher: New Classics Library
• Length: 264 Pages
• Weight: 1.36 lbs.
• Dimensions: 0.6" x 8.5" x 11.0"

Customer Reviews

Don't trust 1-star reviewer

The clear evident is Nasdaq Index which was the real deal of the tech bubble. We can see that eventhough Dow surpassed Y2K peak, but Nasdaq never did that or even S & P 500 went beyound its old high only by a little. DJ 30 has a flaw with its indexing method,which is lower cap stock with higher price can move index more than bigger cap stock with low price (look at GE, MSFT they never make it back to Y2000 peak). I think the 1-star reviewer here didn't read any book of Prechter at all. Btw, information in this book provides very good examples for reader how elliott wave and fibonacci can be used to project the market and stock. Thanks.

Outstanding work

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.