The Wave Principle

by R.N. Elliott

Reprint, exact facsimile of the rare 1938 title originally published by R.N. Elliott, Book New, I. Rhythm in Nature, II. Stock Market Waves, III. Identifying the Waves, IV. Terminology, V. Wave Corrections, Extensions, Irregular Corrections, Triangles, VI. Speed, Volume and Charting, VII. Applying the Wave Principle, IX. Rarities in the 1937/38 Bear Market, X. The Wave Principle in other Fields., Includes the following 1. Population movements, Farms to Cities, 2. Farm Products, 3. Federal Spending, 4. U.S. Deficits, 5. Production, World and U.S., 6. Steel Output, 7. New Life Insurance, 8. Electric Power Produced, 9. Gasoline Consumption, 10. Fire Loses, 11. New York Stock Market Activity, 11A. New York Stock Market Seats, 11B New York Stock Market Seats, 12. Waves 1 and 2 Grand Super Cycle, 13. Super Cycle 1857-1928, 14. Cycle 1896-1928, 15. Primary 1921-1928, 16. 1st Intermediate, 1921 - March 1923, 17. 2nd Intermediate, March 1923 - May 1924, 18. 3rd Intermediate, May 1924 - Nov. 1925, 19. 4th Intermediate, Nov. 1925 - May 1926, 20. 5th Intermediate, May 1926 - Nov. 1928, 21. The Great Bear Market 1928-1932, 22. The Bull Move July 1932 - March 1937, 23. Intermediate May 1936-March 1937, 24. Monthly range March 1937 - March 1938, 25. Weekly range March 1937 - March 1938, 26. Daily range March-August 1937, 27. Daily range August-October 1937, 28. Daily range October 1937 - March 1938, 29. Hourly, February 23rd - March 31, 1938, 30. Standard Statistics weekly, Oct. - Feb., 31. Daily range, March 31 - May 27, 1938, 32. Corporation Bonds 1927-1938, 33. Money value stock transactions NYSE -- end. 50 pp. Softcover REPRINT of the rare 1938 edition. An important title for any trader's library. This is a clean and exact facsimile of the original 1938 first edition, all text, illustrations and layout are as Elliott intended.

Genres: Classics

Paperback

First published August 2, 2012

About the author

Ralph Nelson Elliott (28 July 1871 – 15 January 1948) was an American accountant and author whose study of stock market data led him to develop the Wave Principle, a description of the cyclical nature of trader psychology and a form of technical analysis. It identifies trends and reversals in financial markets. These cyclical patterns in price movements are known among practitioners of the method as Elliott waves.

Reviews

[Terry Grennon · Rating 4 out of 5]

This is the book Prechter expanded on to build out his legendary approach to technical market analysis. The Elliott Wave Principle breaks down stock market cycles and the ties to social mood, highs, and lows in stock prices and other aggregate factors. Ralph Nelson Elliott, an expert bookkeeper, found that fundamental social mood was built into complex systems. He detailed that market prices unfold in patterns and can be seen via Elliott waves. His hypothesis of market behavior is dependent upon a view that rhythm, mood, and stock prices can be analyzed with calculations on the wave pattern structure to develop forecasts. If your a fan of Elliott Wave analysis, then this will give you an impressive background on the lengths R.N. went to develop his analysis. But don't expect any tips on trading or asset management.

[Shaili · Rating 4 out of 5]

It's not much of a book in size, looks more like the first paper published on Elliott Wave Theory. It's a classic, quite basic, authored by our very own R. N. Elliott. It's helpful to understand the most basic concepts and instill curiosity of new ones.

That being said, for someone who wishes to understand the Elliott Wave Theory for trading purposes, it's not necessary you read this book.

[coolwind · Rating 5 out of 5]

Classic, good and useful.