"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
Robert R. Prechter, Jr. is author of several books on markets and editor of two monthly forecasting publications,
The Elliott Wave Theorist and
Global Market Perspective. The Hubert 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.
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 to 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 commission (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. He also worked with the Boy Scouts of Canada for over twenty-five years and was awarded the silver acorn for especially distinguished service to scouting.
In 1960, Mr. Frost became a partner of the late Hamilton Bolton, who introduced him to 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 1997, Mr. Frost delivered a speech on the Elliott Wave Principle before the Market Technicians Association. There he met Mr. Prechter, whom he found to have remarkably compatible ideas despite their separation by two generations and a national boundary. Mr. Frost provided weekly market commentary on Financial News Network and was one of the most frequently requested speakers for meetings of the Canadian Society of Technical Analysts.
