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----- Original Message -----
From: Postmaster <Postmaster@xxxxxxxxxxxxxxxxxxxxxxxx>
To: clubewilist <clubewilist@xxxxxxxxxxxxxxxxxxxxxxxx>; beta <beta@xxxxxxxxxxxxxxxxxxxxxxxx>
Sent: woensdag 10 februari 1999 22:24
Subject: Important Message from Bob Prechter
>Hi folks,
>
>This is a message for those of you who really know the Wave Principle. We
>need scholarly replies, if possible.
>
>I am reaching out to you with a request. The February issue of Scientific
>American presents a cover article by the well-known scientist Benoit
>Mandelbrot, in which he claims to have discovered the self-affinity of
>markets. As you will see, his depictions reveal the same idea that Elliott
>had, i.e., that market patterns are the same at all scales. (Elliott found
>out a lot more than that as well.) Mandelbrot knows about Elliott because he
>penned a withering dismissal of him in his 1997 book, Fractals and Scaling
>in Finance. Mandelbrot has certainly advanced the science of fractal
>geometry, but his "discovery" of the self-affinity of markets postdated
>Elliott by years. He still wants the credit. According to James Gleick's
>book Chaos (pp. 111-112), Mandelbrot has been accused by colleagues of
>trying to take credit for too much. Says Gleick, "Even an admirer would cry
>with exasperation, 'Mandelbrot didn't have EVERYBODY's thoughts before they
>did.'" To make up your own mind, read the entire article.
>
>You can write to Scientific American at mailto:editors@xxxxxxxxx or:
>
>Scientific American
>415 Madison Avenue
>New York, NY 10017
>
>Thanks,
>Bob Prechter
>
>
>
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