Answer to Question #208002 in Economics for Tresa

Question

Write an investigative report in which you investigate the inconsistencies in the revenue and the pricing of items at Roberts and Roberts Trading store

Answer 1

In 1984 Robert Prechter wins the US Trading Championship with an astonishing 444% (!) Profit in just 4 months of live derivatives trading.

Then, in 1989, CNBC (then the Financial News Network) called Robert Prechter the "Guru of the Decade." In 1999, the Society of Technical Analysts of Canada awarded him the A.J. Frost Memorial Award (for the merits shown by him in the development and improvement of graphical analysis). And in 2003, Traders Library, a leading distributor of books on trading and technical analysis, induces the name of Robert Prechter into its Hall of Fame.

But his main fame in the world of finance came from his work on the Ralph Elliott Wave Theory. Also Robert Prechter today is the author of more than 25 books. Let's consider the basic principles on which all market analysis by Robert Prechter is based.

Trading strategy - basic principle:

According to the wave principle of the market quotation movement proposed by Robert Prechter, each market decision is accompanied by important information, which in the future "produces" the further significance of this information. So each subsequent transaction, which is the result, is woven into the "shadow" of the market and becomes known to all participants in the trades, joins the chain of reasons for the behavior of other people. The wave principle together with the feedback is guided exclusively by human nature (social principles). Due to the fact that such forms are quite often repeated over time, they have quite predictive value for every stock market trader or investor.