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Robert Prechter

Robert Prechter Quotes

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Robert Prechter is an American author and investor known for his research and application of the Elliott Wave Theory. Born in 1949, he is one of the founders of the Elliott Wave International, and has had a significant influence in the field of financial forecasting.

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All Wave Gains Government Thinking Acceptable Agency Allowing Arithmetic Average Bases

Famous Robert Prechter Quotes

“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.”

Wells Use Moving Term Loss Numbers Paper Gains Concerned Bases Method Average Wave Technique Scales Related Investors Acceptable Traveled Percentages Channeling Arithmetic Tracking

Author: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.”

Ends Wave Following Target Fourth Fifth Often Is

Book:Elliott Wave Principle: Key to Market Behavior

Source: Elliott Wave Principle: Key to Market Behavior

“From the starch-heavy 'food pyramid' to ethanol fuel, the government adopts programs not because they are right but because they gains votes, money or political power or solve problems that politics has already created, such as silos full of subsidized wheat or a shortage of gasoline due to the maze of controls on refining.”

Problem Government Political Gains Program Vote Heavy Solve Dues Fuel Pyramids Wheat Shortage Political Power Mazes Gasoline Refining Ethanol

Author:Robert Prechter

“Government does not have magic powers. In fact, the opposite is true; it is the least effective agency invented by man.”

Men Doe Facts Government Magic Opposites Agency Magic Powers

Author:Robert Prechter

“The Nixonization of Obama has started. The Hooverization comes next.”

Author:Robert Prechter

“I have never seen a market unfold in other than an Elliott Wave pattern.”

Author:Robert Prechter

“I cannot morally blame all Americans for allowing, for instance, the birth of the Federal Reserve System and the money destruction that has followed. They are simply ignorant about it and don’t know what happened or what is happening. They think that prices go up rather than that dollars go down.”

Thinking Knows Happened Birth Happenings Destruction Blame Dollars Ignorant Instance Allowing Reserves Federal Reserve

Author:Robert Prechter

“Traders take a good system and destroy it by trying to make it into a perfect system.”

Trying Perfect Traders

Author:Robert Prechter

“There's nothing wrong with cash. It gives you time to think.”

Thinking Giving Cash Time To Think

Author:Robert Prechter

About the Author

Born: 1949
Known for: Author
Quotes: 9

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Wave Gains Government Thinking Acceptable Agency Allowing Arithmetic Average Bases

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Elliott Wave Principle: Key to Market BehaviorRelated source material

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