Elliott Wave Principle: Key to Market Behavior
Elliott Wave International, 1998 - Business & Economics - 244 pages
Remember when the Dow was at 790? If so, you remember when this book was published. As the Dow was scraping bottom in late 1978, Robert Prechter and A. J. Frost resurrected an investment method that was spiraling into obscurity.
When Prechter and Frost released Elliott Wave Principle, reviewers immediately hailed it "the definitive textbook on the Wave Principle". But the book was more than that. In one of the most incredibly accurate predictions in financial history, it also forecasted the lift-off of the greatest bull market of the twentieth century.
This special 20th anniversary edition is complete with a special foreword and expanded text. The book includes the basic tenets of the Wave Principle, the rules and guidelines of wave analysis, and the secrets of successful application. There are lots of books out there about investing. Yet none of them offers you a method more successful and more intellectually stimulating than what you'll learn from Elliott Wave Principle -- Key to Market Behavior.
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This is one of the best books to read to get a comprehensive understanding on the EW. This is for anyone trying identify the EW in any market or just interested in this technical analysis tool. Clear pics with easy to read style of writing.
The Elliott Wave Principle is at the root of why I have become a stock market psychology expert over the past 25 years. Its simple formulations gave me power to forecast in October 1998 an end to a correction within an ongoing bull market, then in January 2000 a major top, in February 2003 a bullish bottom, and in May 2008 another strong sell recommendation (see my blog, The Risk Averse Alert). The Elliott Wave Principle also offers such rationale as presently suggests (Aug 2009) a stock market collapse is not only possible, but likely sometime over the months straight.