Prechter's Perspective

Beating the market requires a transcendence of emotional involvement. That is not to say you must deny your emotions. Quite the opposite. You must yank them out of your unconsious and view them in the cold light of reason. Then you can devise ways to deal with them.

Market psychology is not responsive. It is not the result of events outside the market. Collective psychology is impulsive, self-gernerating and self-reversing... The market is the direct recording of the psychology that later creates the future.

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Vriendelijke groet,

Tom Lassing

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