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Article: Picking up the Elliott wave pieces. (part 1)
- Article from:
- Futures (Cedar Falls, IA)
- Article date:
- August 1, 1996
- Author:
CopyrightCOPYRIGHT 1996 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In the first article of a three-part series, this wave analyst discusses shortcomings he has found in Elliott wave and describes the application of his NEoWave theory to the stock market.
The Elliott Wave Principle, postulated in the early 1930s by Ralph Nelson Elliott (and continually improved upon by him through the 1940s), was a revolutionary concept for its time that described market behavior in greater detail than ever before.
Regrettably, years of incorrect forecasts made by various Elliotticians have jeopardized the reputation of R.N. Elliott's famous principle. After renewed interest and nearly a decade in the limelight, it appears to many people the ...