Applying Elliott Wave Theory Profitably
Publisher: Wiley
Published: July 18, 2003
Language: eng
Number of pages: 256
ISBN-13: 9780471420071
First sentence: In his 1938 monograph, "The Wave Principle," R.N. Elliott wrote: "Very extensive research in connection with practically all human activities indicates that social-economic processes follow a law that causes them to repeat themselves in similar and constantly recurring serials of waves or impulses of definite number and pattern.
Description: "During the late 1920s, Ralph Nelson Elliott theorized that stock markets do not behave in a random, chaotic manner, but rather that they move in repetitive cycles, which reflect the actions and emotions of humans caused by exterior influences or mass psychology. Elliott believed that the ebb and flow of mass psychology reveals itself in the same repetitive patterns - illustrated by recognizable "waves." It was at this point that Elliott Wave theory was born." "In Applying Elliott Wave Theory Profitably, author and Elliott Wave expert Steven Poser makes sense of this proven trading strategy and gives you the most well-rounded and straightforward lesson on how to make money using Elliott Wave theory."--Jacket.