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

I cannot morally blame all Americans for allowing, for instance, the birth of the Federal Reserve System and the money destruction that has followed.…

- Robert Prechter

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

- Robert Prechter

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

- 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 o…

- Robert Prechter

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

- Robert Prechter

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

- 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 perc…

- Robert Prechter