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Elliott Wave |
Written by ForexCycle.com |
Wednesday, 23 April 2008 10:48 GMT
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In the 1930s, Ralph Nelson Elliott, a corporate accountant byprofession, studied price movements in the financial markets andobserved that certain patterns repeat themselves. He offered proof ofhis discovery by making astonishingly accurate stock market forecasts.What appears random and unrelated, Elliott said, will actually traceout a recognizable pattern once you learn what to look for. Elliottcalled his discovery "The Elliott Wave Principle," and its implicationswere huge. He had... |
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Elliott Wave |
Written by ForexCycle.com |
Saturday, 19 April 2008 21:40 GMT
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The Elliott Wave Principle, developed by Ralph Nelson Elliott in 1930s and 40s, is a powerful analytical tool that is still being used for forecasting stock market behavior. The basic concept of this Principle is that stock market prices rise and fall in distinct patterns and that those patterns can be linked together into waves. |
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