Elliott Wave Principle: Key to Market Behavior
暫譯: 艾略特波浪理論：市場行為的關鍵

波浪原則是由拉爾夫·納爾遜·艾略特（Ralph Nelson Elliott）在1930年代和1940年代所發展的。它基於這樣的觀察：金融市場以特定的週期運行，即股市的價格變動遵循可識別的模式，並可以劃分為所謂的波浪。因此，艾略特波浪原則成為分析和預測股市走勢的重要工具。隨著時間的推移，艾略特的理論逐漸被遺忘，直到普雷赫特（Prechter）在1978年使這一理論重新獲得了人氣。特別是在美國，艾略特波浪分析自此獲得了崇高的地位。《艾略特波浪原則》（The Elliott Wave Principle）是一部投資經典，每次再版都進一步發展和完善了波浪原則。這本紀念版是為了慶祝首次出版20週年，明確表明所有作者的預測都已實現。因此，普雷赫特和弗羅斯特（Frost）不僅在1970年代的危機期間正確預測了1980年代的牛市，還預測了1980年代末的崩盤。

Robert R. Prechter. Jr. is author of several books on the markets and editor of two monthly forecasting publications, The Elliott Wave Theorist and Global Market Perspective. The Hulbert rating service reports that The Theorist exceeded the performance of the Wilshire 5000 over 131/2 year period ending December 31, 1993, while being exposed to market risk only 50% of the time. EWT has won Hard Money Digest's "Award of Excellence" twice and Timer Digest's "Timer of the Year" twice, the only newsletter to do so. 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 serves as President of the Market Technicians Association in its twenty-first year.
Mr Prechter's latest venture is Elliott Wave International, which provides monthly and intraday analysis on stock markets, currencies, interest rates, commodities and social trends to institutional and private investors around the world.
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 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 commissions (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.
In 1960, Mr. Frost became a partner of the late Hamilton Bolton, who introduced him ot 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 Associations. There he met Mr. prechter, whom he found to have remarkably compatible ideas despite their separation by two generations and national boundary. Mr. Frost provided weekly market commentary on Financial New Network and was one of the most frequently requested speakers for meetings of the Canadian Society of Technical Analysts.

羅伯特·R·普雷克特（Robert R. Prechter, Jr.）是多本市場相關書籍的作者，並且是兩本每月預測出版物的編輯，分別是艾略特波理論家（The Elliott Wave Theorist）和全球市場觀察（Global Market Perspective）。Hulbert 評級服務報告指出，該理論家在截至1993年12月31日的13年半期間內，其表現超過了Wilshire 5000，且在此期間僅有50%的時間暴露於市場風險中。EWT曾兩次獲得《Hard Money Digest》的「卓越獎」，並且兩次獲得《Timer Digest》的「年度計時器」獎，這是唯一一份獲得此殊榮的通訊。在1984年，普雷克特先生在美國交易錦標賽中創下了歷史紀錄，在四個月的比賽期間內，通過一個監控的真實資金期權賬戶實現了444.4%的回報。在1989年12月，金融新聞網（Financial News Network）將他評選為「十年大師」。在1990年至1991年期間，普雷克特先生擔任市場技術分析師協會的會長，這是該協會成立的第二十一年。
普雷克特先生最新的事業是艾略特波國際（Elliott Wave International），該公司為全球的機構和私人投資者提供有關股票市場、貨幣、利率、商品和社會趨勢的每月及即時分析。
普雷克特先生在耶魯大學獲得全額獎學金，並於1971年以心理學學位畢業。他的職業生涯始於美林證券（Merrill Lynch）市場分析部的技術市場專家，最初對波浪原理的研究使他獲得了一小部分但忠實的追隨者，並引介了A.J. Frost，最終促成了這本書的誕生。

A.J. Frost C.F.A.，是安大略省金士頓的女王大學畢業生，最初的職業是法律會計師。他於1934年成功加入安大略省特許會計師協會，並於1937年獲得安大略省律師資格。1959年，他因對會計專業的卓越服務而被選為協會的研究員。他曾擔任加拿大國家首都委員會的主席兩年，後來擔任稅務上訴委員會、稅務審查委員會和反通脹上訴法庭的成員。他在所得稅法領域作出了許多裁決。在他的職業生涯中，Frost先生曾在兩所大學的理事會和幾家加拿大公司的董事會任職。
1960年，Frost先生成為已故的漢密爾頓·博爾頓（Hamilton Bolton）的合夥人，博爾頓向他介紹了艾略特波原理。在博爾頓於1967年去世後，他為博爾頓-特朗布雷（Bolton-Tremblay）公司撰寫了兩本艾略特波補充資料，該公司是《銀行信貸分析師（Bank Credit Analyst）》的編輯。1977年，Frost先生在市場技術分析師協會發表了有關艾略特波原理的演講。在那裡，他遇到了普雷克特先生，儘管他們相隔兩代和國界，但他發現兩人的想法非常契合。Frost先生每週在金融新聞網提供市場評論，並且是加拿大技術分析師協會會議上最常被要求的演講者之一。