Product Description

"This is a definitive, excellent book on Elliott, and I recommend it to all who have an interest in the Wave Principle." Richard Russell, Dow Theory Letters
"Gold and Silver Today wholeheartedly endorses this book. It is the definitive work on a scientific wave theory of human experience. If you are interested in technical or wave analysis, it should be required reading." Gold & Silver Today
"This book is extremely well done. It is clear, brief and bold....by far the most useful and comprehensive for both the beginner and the veteran." William Dilanni, Wellington Mgmt. Co.
"An outstanding job...I don′t think a better basic handbook of Elliott Wave theory could be written." Donald J. Hoppe, Business and Investment Analysis
"...A top–drawer reference for serious technical analysts....all the nuts and bolts necessary to do their own Elliott Wave assembly." Futures Magazine
"Chapter Three is the best description of Fibonacci numbers we′ve seen in print and that alone is worth the price of the book." Janes Dines, The Dines Letter
"In a third of a lifetime in this business, this was the first time I really understood Elliott, and this is certainly the first book on Elliott that I could recommend. All the methods that Prechter has used so successfully are fully described in this book." The Professional Investor
"Elliott Wave Principle is such an important, fascinating, even mind–bending work, we are convinced that it should be read by and and every serious student of the market, be they fundamentalist or technician, dealing in stocks, bonds or commodities." Market Decisions
"Even allowing for minor stumbles, that 1978 prediction must go down as the most remarkable stick market prediction of all time." James W. Cowan, Monitor Money Review
Recipient of the Technical Analysis Association′s Award of Excellence

Product Details

• Amazon Sales Rank: #32275 in Books
• Published on: 2000-11-29
• Original language: English
• Number of items: 1
• Binding: Paperback
• 240 pages

From the Inside Flap
Robert R. Prechter, Jr. Robert R. Prechter, Jr. is author of several books on the markets and editor of two monthly forecasting publications, The Elliott Wave Theorist and Global Market Perspective. The Hulbert rating service reports that The Theorist exceeded the performance of the Wilshire 5000 over the 131/2 year period ending December 31, 1993, while being exposed to market risk only 50% of the time. EWT has won Hard Money Digest′s "Award of Excellence" twice and Timer Digest′s "Timer of the Year" twice, the only newsletter to do so. In 1984, Mr. Prechter set an all time record in the United States Trading Championship by returning 444.4% in a monitored real–money options account in the four month contest period. In December 1989, Financial News Network named him "Guru of the Decade". In 1990–1991, Mr. Prechter served as President of the Market Technicians Association in its twenty–first year.

From the Back Cover
"This is a definitive, excellent book on Elliott, and I recommend it to all who have an interest in the Wave Principle." Richard Russell, Dow Theory Letters
"Gold and Silver Today wholeheartedly endorses this book. It is the definitive work on a scientific wave theory of human experience. If you are interested in technical or wave analysis, it should be required reading." Gold & Silver Today
"This book is extremely well done. It is clear, brief and bold....by far the most useful and comprehensive for both the beginner and the veteran." William Dilanni, Wellington Mgmt. Co.
"An outstanding job...I don′t think a better basic handbook of Elliott Wave theory could be written." Donald J. Hoppe, Business and Investment Analysis
"...A top–drawer reference for serious technical analysts....all the nuts and bolts necessary to do their own Elliott Wave assembly." Futures Magazine
"Chapter Three is the best description of Fibonacci numbers we′ve seen in print and that alone is worth the price of the book." Janes Dines, The Dines Letter
"In a third of a lifetime in this business, this was the first time I really understood Elliott, and this is certainly the first book on Elliott that I could recommend. All the methods that Prechter has used so successfully are fully described in this book." The Professional Investor
"Elliott Wave Principle is such an important, fascinating, even mind–bending work, we are convinced that it should be read by and and every serious student of the market, be they fundamentalist or technician, dealing in stocks, bonds or commodities." Market Decisions
"Even allowing for minor stumbles, that 1978 prediction must go down as the most remarkable stick market prediction of all time." James W. Cowan, Monitor Money Review
Recipient of the Technical Analysis Association′s Award of Excellence

About the Author
Robert R. Prechter. Jr. is author of several books on the markets and editor of two monthly forecasting publications, The Elliott Wave Theorist and Global Market Perspective. The Hulbert rating service reports that The Theorist exceeded the performance of the Wilshire 5000 over 131/2 year period ending December 31, 1993, while being exposed to market risk only 50% of the time. EWT has won Hard Money Digest′s "Award of Excellence" twice and Timer Digest′s "Timer of the Year" twice, the only newsletter to do so. In 1984, Mr Prechter set an all time record in the United States Trading Championship by returning 444.4% in a monitored real–money options account in the four month contest period. In December 1989, Financial News Network named him "Guru of the Decade". In 1990–1991, Mr Prechter serves as President of the Market Technicians Association in its twenty–first year.
Mr Prechter′s latest venture is Elliott Wave International, which provides monthly and intraday analysis on stock markets, currencies, interest rates, commodities and social trends to institutional and private investors around the world.
Mr. Prechter attended Yale University on a full scholarship and graduated in 1971 with a degree in psychology. He began his career as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York, where his original work with the Wave Principle led to a small but loyal following, introduction to A.J. Frost and ultimately this book.
A.J. Frost C.F.A., a graduate of Queen′s University, Kingston, Ontario, started his career as a legal accountant. He achieved his objective on being admitted to the Ontario Institute of Chartered Accountants in 1934 and on his call to the Ontario Bar in 1937. In 1959, he was elected a fellow in the Institute for distinguished service to the accountancy profession. He served as Chairman of the National Capital commissions (Canada) for two years and later sat on the bench as a member of the Tax Appeal Board, Tax Review Board and Anti–Inflation Appeal tribunal. He has handed down many decisions in the field of income tax law. During his career, Mr Frost served on two university councils and the boards of several Canadian corporations.
In 1960, Mr. Frost became a partner of the late Hamilton Bolton, who introduced him ot the Elliott Wave Principle. After Bolton′s death in 1967, he wrote two Elliott Wave Supplements for the firm of Bolton–Tremblay, the editors of the Bank Credit Analyst. In 1977, Mr Frost delivered a speech on the Elliott Wave Principle before the Market Technicians Associations. There he met Mr. prechter, whom he found to have remarkably compatible ideas despite their separation by two generations and national boundary. Mr. Frost provided weekly market commentary on Financial New Network and was one of the most frequently requested speakers for meetings of the Canadian Society of Technical Analysts.

Customer Reviews

Elliott Wave Principle
To most EWT traders I know this is the most important read on the subject.

What people need to be aware of is the complexity of the subject, EWT is not a subject for beginners or passing traders looking for a system that they can get into within 4 weeks and trade with from that point on.

Whilst the book is not written in an easy to follow fashion, choice of words and sentence structure are unusual to say the least, the authors deliver a very full and complete study of a complex subject.

I have a number of books on the subject and whilst I would not say this is the easiest read, for the serious trader, who wants to apply EWT to their TA tool kit, and who wanst to learn the rules and guidelines properly, this is the only book required.

The edition is out of date and with it most of the projections however I know many EWT traders who are very successful from using this book as their start point for the subject.

Elliott Wave Principal is an unwelcome addition.
The Elliott Wave Principal offers the reader an unclear understanding of the multitude of wave cycles, an unclear application to making investment decisions while it's anniversary addition offers charts with the most recent dated 1982. Clearly, it was a mistake to offer this book to investors and any readers other than theorists who might thrive on an unnecessarily complicated outdated presentation of a system and theory plus out of date documentation with no application to the present. The serious investor is wasting his time with this text. Respectfully, Mark L. Fideler

Up to date Principle - Out of date projections
It is a well and systematically written book that leads you through quite complex ideas of Elliott Principle. However forecasts that are completely out of date and proved unsuccessful in the past coupled with a lack of up to date examples are important disadvantages. Personally I think it was the author's mistake to mix the Elliott Principle with his own projections ...