Book
Name: Elliott Wave Principle: Key to Market Behavior.
Author:
A. J. Frost (Author), Robert Rougelot Prechter.
A Great Classic for Three Decades: Now In Its 10th Edition,
Consider What This "Definitive Text" Offers You Take a moment to look
over your books about investing. Have any of them given you a successful method
for making profits and reducing risks? Is there even one such book that has
proven reliable over the years? Alas, most investors would say "no."
That's because so few investment books are "classic" in the true
sense: For years investors keep buying the book, and they keep using the method
to make the most of their opportunities.
Three decades years ago -- 1978 -- is one of the last times
an investment book was written that is worthy of being called
"classic." One of the two men who authored that book was a 26
year-old market analyst working at Merrill Lynch's headquarters on Wall Street.
The young man had earned a lot of attention in a short time by using a
forecasting tool that almost no one had heard of. Yet his market forecasts were
startlingly accurate: Robert Prechter was the young man's name, and he used a
method called the "Elliott Wave Principle." A. J. Frost was one of
the few other financial professionals who used the Wave Principle. In a
distinguished 20-year career, Frost had likewise made many astonishingly
accurate forecasts. His colleagues regarded him as the consummate technical
analyst. Frost and Prechter met in May of 1977 and became fast friends.
Eighteen months later, they published Elliott Wave Principle - Key to Market
Behavior. The Dow Industrials stood at 790. But the brash forecast in this new
book called for a Great Bull Market. It became a runaway best seller. Three
decades is enough time for investors to deem a book about an investment method
as "classic," and surely the jury is in on this one: Elliott Wave
Principle is now published in seven languages, and continues to sell thousands
of copies every year. In Europe, Asia and the Americas, literally millions of
investors worldwide use or recognize the Elliott Wave method for profitable
investing. Elliott Wave International is proud to present the 10th edition of
this investment classic. It's designed to help the Elliott Wave novice and the
veteran practitioner. It's time to consider what this definitive text offers
you.
Here's a sample of what you'll learn: The basic tenets of Wave
Theory: You'll read simple explanations of the terms, and how to identify all
13 waves that can occur in the movement of stock market averages. The rules and
guidelines of Wave analysis: You'll learn the basics of counting waves, how to
recognize the "right look" of a wave, plus lots of simple steps for
applying the rules. The scientific background of the Wave Principle: How you
can see it in nature and the universe, in art and mathematics, even in the
shape of the human body. Long-term waves: You'll see how the Wave Principle
gives history greater meaning, from the fall of the Roman Empire through the
Middle Ages into the financial upheavals of the 20th Century.
Understanding these monumental trends will help you position
yourself for long-term profit and protection. Stocks, commodities and gold: The
Wave Principle is your guide to the movements of any financial market. Few
pleasures can match the exhilaration you'll feel when a Wave Principle forecast
has you in the market when it moves up, or takes you out just before it moves
down. Obviously, Elliott Wave Principle - Key to Market Behavior is the perfect
companion to Bob Prechter's Elliott Wave Theorist publication. The book is
essential reading for you to receive the most from what the Theorist says every
month -- in fact, all of EWI's publications continually reference this book.