Top 9 Quotes & Sayings by Robert Prechter

Explore popular quotes and sayings by an American author Robert Prechter.

Last updated on December 22, 2024.

Robert R. Prechter Jr. is an American financial author, and stock market analyst, known for his financial forecasts using the Elliott Wave Principle. Prechter is an author and co-author of 14 books, and editor of 2 books, and his book Conquer the Crash was a New York Times bestseller in 2002. He also has published monthly financial commentary in the newsletter The Elliott Wave Theorist since 1979, and is the founder of Elliott Wave International and New Classics Library. Prechter served on the board of the CMT Association for nine years, and as its president in 1990–1991. He has been a member of Mensa and Intertel. In recent years Prechter has supported the study of socionomics, a theory about human social behavior.

American - Author | Born: 1949

Source: Wikipedia

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

Robert Prechter

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

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.

Robert Prechter

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.

Robert Prechter

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.

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.

Robert Prechter

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

Robert Prechter