Elliott Wave Principle: Key to Market Behavior

This Wall Street bestseller is the most useful and comprehensive guide to understanding and applying the Wave Principle. A groundbreaking investment classic, Elliott Wave Principle is hailed by reviewers as the "definitive textbook on the Wave Principle." Still the best way to learn the Wave Principle First published in 1978, Elliott Wave Principle is the definitive text designed to help the Elliott wave novice and veteran practitioner alike. This book will teach you the rules and guidelines of the Wave Principle and help you understand how to apply it to any financial market. 37-plus years 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 as the road map for how markets behave. 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 price movement of financial markets. 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.

Robert R. Prechter is known for developing a theory of social causality called socionomics and for his career applying and enhancing the Wave Principle, R.N. Elliott's fractal model of financial pricing. Prechter has made presentations on socionomic theory at the London School of Economics, the University of Oxford, the University of Cambridge, MIT, Trinity College Dublin, Georgia Tech, SUNY and various academic and financial conferences. In 2005, Prechter created the Socionomics Institute, which is dedicated to research and the application of socionomics, and the Socionomics Foundation, which supports academic research in the field. Prechter and colleagues have written several academic papers, including "The Financial/Economic Dichotomy" (2007) and "Social Mood and Presidential Elections" (2012), which became the third most downloaded paper on the Social Science Research Network that year. Prechter graduated from Yale University in 1971, joined the Market Analysis Department of Merrill Lynch in New York in 1975 and founded Elliott Wave International in 1979, where he has published monthly market analysis in The Elliott Wave Theorist. He is a member of the Triple Nine Society and the Shakespeare Oxford Society. Prechter has authored, edited or contributed to 18 books. His latest work, "The Socionomic Theory of Finance," aims to replace conventional financial and macroeconomic theory with an internally and externally consistent paradigm based on socionomics. For more, visit robertprechter.com.