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Article: Refining the Elliott Wave Principle with wave analysis. (Trading Techniques).
- Article from:
- Futures (Cedar Falls, IA)
- Article date:
- December 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 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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Using statistical analysis rather than personal observation, research reveals more shapes and frequencies of elliott wave patterns, which can vary by the type of market, the time frame and the price direction.
Over the years, one of the best-known Over the--and often most controversial--approaches to technical analysis has been the Elliott wave theory. Do markets really move in waves and, more important, can traders actually project when and to what extent these waves will occur? This is Part two of a six-part series on the latest research into the Elliott wave theory.
Since the 1940s when Ralph Nelson Elliott discovered patterns within the price charts ...