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The Elliott wave principle, or Elliott wave theory, is a form of technical analysis that helps financial traders analyze market cycles and forecast market trends by identifying extremes in investor psychology and price levels, such as highs and lows, by looking for patterns in prices.
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.
In 1979 Prechter left Merrill Lynch and published the first subscription issue of the Elliott Wave Theorist.The 1970s had been very bullish years in the gold market but mostly bearish for stocks, yet his Elliott wave analysis called for a long-term reversal lower in gold (February 1980) [5] [14] and a long-term "super bull market underway" in stocks (October 1982).
During 2006–2007 the Dow Jones Industrial Average reached a new all-time high, which has been interpreted by some Elliott Wave analysts as indicating that 2000–2002 was not the beginning of a Grand Supercycle bear market. However, as this new high was merely a nominal new high in US dollars, and not a new high when measured in ounces of ...
Baby food labels will disclose levels of lead and other toxic heavy metals via QR codes, thanks to a California law taking effect January 1.
Applying Elliott Wave Theory Profitably, by Steven W. Poser (Hardcover - Jul 18, 2003) Understanding Stocks, by Michael Sincere (Paperback - Aug 19, 2003) All About Retirement Funds: The Easy Way to Get Started by Ellie Williams Clinton (Paperback - Sep 17, 2003)
What remains most unchanged, even with some reconfiguring, is the setting. Moss’ moody, futurist structure exists to conjure your favorite science-fiction comparisons.
After Russell's passing, the letters continue market coverage by associated analysts. Russell has also been cited by Bob Prechter using the Elliott wave principle [citation needed]. Stock analyst Robert Prechter wrote in his 1997 book: “Russell has made many exceptional market calls.