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Revision as of 14:56, 6 July 2005 by frugi (Talk | contribs)

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Elliot wave theory was initiated in the 1930s by Ralph Nelson Elliot. His basic theory was that crowd behaviour, the basis for market activity, tends to operate in recognisable phases, and as such, price movements can be anticipated to some degree.

During his early studies, using stock market data for his analysis, Elliot isolated thirteen examples of patterns – or waves – that are repetitive in their form only, and that the time and amplitude of the waves need not necessarily be repetitive...

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