Elliott Wave Principle: Key to Market Behavior

Robert R. Prechter, Jr. has edited the monthly Elliott Wave Theorist since 1979 and has published two dozen books and videos on markets and social theory. In 1984, Mr. Prechter set an all-time record in the United States Trading Championship by returning 444.4% in a monitored real-money options account in the four-month contest period.In December 1989, Financial News Network named him "Guru of the Decade." In 1990-1991, Mr. Prechter served as President of the Market Technicians Association, and in 2013, he received the MTA's Annual Award. He serves on the Advisory Board of the MTA Educational Foundation.Mr. Prechter is president of Elliott Wave International (elliottwave.com), which provides monthly and intraday analysis on stock markets, currencies, interest rates, commodities and social trends to institutional and private investors around the world.In pioneering a new theory of social causality called socionomics, Mr. Prechter has written three books on the subject, formed the Socionomics Institute (socionomics.net), hosted an annual Socionomics Summit, and co-authored three academic papers, which may be found on the Social Science Research Network website.Mr. Prechter attended Yale University on a full scholarship and graduated in 1971 with a degree in psychology. He began his career as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York, where his original work with the Wave Principle led to a small but loyal following, introduction to A.J. Frost, and ultimately to this book.

A.J. Frost, C.F.A., a graduate of Queen's University, Kingston, Ontario, started his career as a legal accountant. He achieved his objective on being admitted to the Ontario Institute of Chartered Accountants in 1934 and on his call to the Ontario Bar in 1937. In 1959, he was elected a Fellow in the Institute for distinguished service to the accountancy profession. He served as Chairman of the National Capital commission (Canada) for two years and later sat on the bench as a member of the Tax Appeal Board, Tax Review Board and Anti-Inflation Appeal Tribunal. He has handed down many decisions in the field of income tax law. During his career, Mr. Frost served on two university councils and the boards of several Canadian corporations. He also worked with the Boy Scouts of Canada for over twenty-five years and was awarded the silver acorn for especially distinguished service to scouting.In 1960, Mr. Frost became a partner of the late Hamilton Bolton, who introduced him to the Elliott Wave Principle. After Bolton's death in 1967, he wrote two Elliott Wave Supplements for the firm of Bolton-Tremblay, the editors of the Bank Credit Analyst. In 1977, Mr. Frost delivered a speech on the Elliott Wave Principle before the Market Technicians Association. There he met Mr. Prechter, whom he found to have remarkably compatible ideas despite their separation by two generations and a national boundary. Mr. Frost provided weekly market commentary on Financial News Network and was one of the most frequently requested speakers for meetings of the Canadian Society of Technical Analysts.