Synopsis:
Elliott Wave Principle came out in November 1978, with the Dow at 790. While this book was immediately regarded by reviewers as the definitive textbook on the Wave Principle, it handily missed the bestseller list by several hundred thousand copies. Nevertheless, due to the spiraling interest in its fascinating content and the continuing success of its long range forecast, Elliott Wave Principle has sold more copies every year, and has now achieved the status of a Wall Street clic. In this newly expanded edition, every word involving expectations for the future has been kept intact as it originally appeared In that regard, the book remains precisely in its original 1978 form to allow new readers to investigate both the successes and errors in the forecast presented by Frost and Prechter those many years ago. In referring to that forecast in a 1989 article, investment yst James W. Cowan said, "Even allowing for minor stumbles, that 1978 prediction must go down as the most remarkable stock market prediction of all time." That decisive reaction came as a result of the market's path only up to that time. It remains to be seen whether the final stage of the book's forecast, "three or four years of chaotic conditions in the economy and the markets," given twelve years ago in Chapter 8, will occur. The authors, to be sure, stick by their scenario. This expanded 1990 edition features this publisher's note, an enhanced text in several chapters, an appendix on the Wave Principle's fractal nature, and a market forecast update for the 1990s. Otherwise, like the Wave Principle itself, this book has stood the test of time.
Review:
"This is a definitive, excellent book on Elliott, and I recommendit to all who have an interest in the Wave Principle.," RichardRussell, Dow Theory Letters "Gold & Silver Today wholeheartedly endorses this book. It isthe definitive work on a scientific wave theory of humanexperience. If you are interested in technical or wave analysis, itshould be required reading," Gold & Silver Today "This book is extremely well done. It is clear, brief and bold...byfar the most useful and comprehensive for both the beginner and theveteran," William Dilanni, Wellington Mgnt.Co "An Outstanding job...I don't think a better basic handbook ofElliott Wave theory could be written.," Donald J. Hoppe, Business& Investment Analysis .."A top drawer reference for serious technical analysts..all thenuts and bolts necessary to do their own Elliott Wave assembly.,"Futures Magazine "Chapter Three is the best description of Fibonacci numbers we'veseen in print and that alone is worth the price of the book.,"James Dines, The Dines Letters "In a third of a lifetime in this business, this was the first timeI really understood Elliott, and this is a certainly the first bookon Elliott that I could recommend. All of the methods that Prechterhas used so successfully are fully described in this book.," TheProfessioanl Investor "Elliott Wave Principle is such an important, fascinating, evenmind-bending work, we are convinced that it should be read by anyand every serious student of the market, be they fundamentalists ortechnician, dealing in stocks, bonds or commodities.," MarketDecision "Even allowing for minor stumbles, that 1978 prediction must godown as the most remarkable stock market prediction of all times,"James W. Cowan, Monitor Money Review
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