THE ELLIOTT WAVE PRINCIPLE 1
Of Elliott's findings, he must be admired for his ideas. We know how difficult
it is to create a new concept without the technical support we have available
today. When we began to study Elliott's work in 1977, it was a tremendous
struggle to get the data needed for an in-depth analysis. How much more
difficult must it have been for Elliott when he started his work! With the
computer technology available today, we have the ability to test and analyze
quickly, but it is still necessary to have Elliott's ideas in order to begin.
Elliott wrote,
"Nature's Law embraces the most important of all elements, timing. Nature's Law
is not a system, or method of playing the market, but it is a phenomenon which
appears to mark the progress of all human activities. Its application to
forecasting is revolutionary."*
Elliott based his discoveries on Nature's Law. He notes, "This law behind the
market can only be discovered when the market is viewed in its proper light and
then is analyzed from this approach. Simply put, the stock market is a creation
of man and therefore reflects human idiosyncrasy". Forex 101.
Forex Art Of Fibonacci (Forex 101)
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Forex Art Of Fibonacci (Forex 102)
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