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Elliott Wave Principle: Key to Market Behavior

3.75  ·  Rating details ·  246 Ratings  ·  16 Reviews
From the Publisher "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 ...more
Paperback, 248 pages
Published February 8th 2001 by Wiley (first published November 30th 1977)
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Ian Robertson
Jan 18, 2012 rated it liked it
"The stock market is not a random, formless mess reacting to current news events but a remarkably precise recording of the formal structure of the progress of man" (page 113). Rather, it unfolds in waves, and "when presented clearly, the basic tenets of the Wave Principle are easy to learn and apply" (authors' note).

Authors Frost and Prechter certainly deliver on their second point, presenting clearly and in concise chapters: the broad concept; guidelines to wave formation; the historical and ma
Mar 20, 2018 rated it really liked it
Shelves: stk
This is the standard book for understanding and in-depth study of the Elliott Wave Theory. With its more than adequate explanations, comprehensive guidelines, and numerous examples, that's no surprise.

This book cleared most, if not all, of my queries and curiosities of Elliott Wave Principle. And not only that, it provides a clear, structured view of the rules to rigidly follow and guidelines to consider in virtually any possible scenario in wave count.
Jan 28, 2018 rated it it was amazing  ·  review of another edition
Amazon merged ebooks with audio books and made an educational unicorn.

The order of topics flow well. I've done much better at making larger returns per trade. It has also helped to introduce me to new topics to explore.
Julie Browning
Mar 13, 2018 rated it it was amazing  ·  review of another edition
A wonderful book on the wave principle. A must have for individual investors to gain further knowledge of the psychology of the market.
Jun 03, 2010 rated it really liked it  ·  review of another edition
From Amazon:

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
Andre Luis
Feb 24, 2017 rated it it was ok
Maior parte do livro pode ser considerada um teste de rorschach
Porém se conseguir compreender o mínimo apresentado sem se apegar aos detalhes pode apresentar uma nova maneira de olhar o mercado e consequentemente uma nova ferramente para tomada de decisão.
Terry Kim
Aug 12, 2015 rated it it was ok
I struggled through this book. This book was so hard to understand and grasp.

I started reading this book excited to learn about Elliott Wave Principle. In the first few chapters, the books starts off stating "if you are not an analyst skip through these chapters and go to chapter 3". I decided I'll read through everything word for word. Which ended up being figures, numbers and historical data which I found hard to piece together and irrelevant most of the time.

Now that I have finished this bo
May 20, 2016 rated it really liked it
It's a great book.
Elliot taught us that it's not news moving the price and creating waves, but it is the mass human psychology of investors.
and the next important thing he tried to tell was this fact that mass psychology shows itself in specific patterns.
but the big problem with this book is that Elliot doesn't tell us what a single wave is !
Davood Wadi
Apr 14, 2015 rated it it was amazing
The ultimate book for understanding the markets.
Views the market with different perspectives from psychology to technical point of view and gives you a pleasant feeling of understanding a new thorough paradigm to look at the markets.

This book is referred to as the "Bible of Elliott Practitioners" by many market gurus.
Mar 13, 2016 rated it liked it
Shelves: finance, non-fiction
Elliot Wave Principle proposes common chart patterns as links to mass psychology. The typical pattern moves in a 5 wave zigzag in one direction followed by a 3 wave zigzag in the other. The principle also pulls in price swings and timings based on the golden ratio.
Arun Lama
Aug 30, 2015 rated it it was amazing
Elliott Wave principle simplified! If you are new to Elliott wave principle this book can be a great start! All the patterns are explained clearly in a simple way.
Nov 01, 2014 rated it did not like it
ocus pocus bullshit. An unfounded narrative for stock market behavior. a ridiculus attempt to explain how a complez system evolves. No predictive capability, unfalsifiable claims.
Dec 12, 2014 marked it as to-read
Oct 09, 2016 rated it liked it
The first 2 chapters are most relevant. As with many other trading frameworks, one would have to experiment plenty on his/her own to come up with a consistent approach.
Dan Pfeiffer
Oct 28, 2013 rated it it was ok
The overall concept is interesting and perhaps empirically validated but it is weighed down in a large amount of technical gobbledygook.
Richard Sarver
rated it it was ok
Apr 20, 2014
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