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"Anyone interested in Elliott wave analysis should
read R.N.Elliott's Masterworks and Elliott Wave Principle. Both books
are written in an easy-to-understand style, though you will probably find it necessary to
reread some portions a few times to fully comprehend the many forms corrective waves can
have. Don't skip anything. Every little nuance of the method is important. Reading the
books is the easy part. The difficulty comes in learning to apply the methods in real-time
trading. Elliott wave analysis looks deceptively simple and that is one of the biggest
shortcomings. Proper application takes lots of practice." - R.P.B., Utah
"Truly a great history and biography,
updates very helpful." -G. B
"The author enjoys a reputation as a top
timer and forecaster in the market: stocks, bonds, currency, commodities, social and
cultural trends. A large part of his success comes from adopting and mastering a generally
obscure theory know as the Elliott Wave. This fascinating book salutes the creator: Ralph
Elliott. Its the first time someone has pulled together all of Elliotts works
in one binding, and Prechter adds a bonus: a biography of a man who quietly established
"a tool for explaining the otherwise surprising and indecipherable ways of the
market." One might add, for explaining a phenomenon in human activity. In 1943,
Elliott began noticing duplications of patterns which were similar in both large and small
movements. "Gradually, the wild, senseless
changes in prices from year to
year
day to day, linked themselves into a law-abiding rhythmic pattern of
waves." In more than 300 pages Prechter methodically and generously explains how it
all works, with lots of graphs to illustrate conundrums. But this is no crystal ball.
"None of us can escape our human nature." So, theres no guarantee of
instant wealth. Elliotts credentials were nothing spectacular. He spent time in
executive accounting positions for railroads in South American, became a business
consultant to restaurants, wrote about Latin America. Similar for Financial World
magazine, others. He died in 1948, mostly unappreciated. Prechters unique book makes
up for that tenfold." -The Book Reader
"I have been reading R. N. Elliotts
Masterworks, edited by Robert Prechter and I love it." -Michael Burke,
Investors Intelligence
"Prechter has created the most convenient
introduction to the Elliott theorys genesis and early evolution, something any
aspiring Elliottician should read." -John Sweeney, Technical Editor, Stock &
Commodities
"Anyone interested in Elliott wave analysis
should read R.N. Elliotts Masterworks, edited by Robert R. Prechter, Jr. and Elliott
Wave Principle by Frost & Prechter. Both books are written in an easy-to-understand
style though you will probably find it necessary to reread some portions a few times to
fully comprehend the many forms corrective waves can have. Dont skip anything. Every
little nuance of the method is important." -Robert P. Brickey, Scientific Approaches
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