Beautiful Pictures: from the Gallery of Phinance

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 ratios attaching to a series of numbers called ...