principle
IN A
nutshell
Ralph Nelson Elliott was an
engineer. After a serious illness in the early 1930s, he turned to the analysis
of stock prices, especially the Dow Jones Index. After a number of remarkably
successful forecasts, Elliott published a series of articles in Financial
World Magazine in 1939. In these, he first presented his contention that the
Dow Jones Index moves in rhythms. According to Elliott, everything moves with
the same pattern as the tides—low tide follows high tide, reaction follows
action. Time does not affect this scheme, because the structure of the market in
its entirety remains constant.
As we move forward, we
will review and analyze the following concepts of Elliott:
• Nature's
Law
• The
"Secret of the Universe"
• The Wave
Principle
•
Interpretative market letters.
The focus of this section will be on the main areas of
Elliott's work that have long-lasting value. Even if we do not agree with some
Forex 101.
Forex Art Of Fibonacci (Forex 101)
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Forex Art Of Fibonacci (Forex 102)
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