Ralph Elliott had the type of career that would be astounding even today...
He is remembered as the father of The Wave Principle, now known as the Elliott Wave Principle which is a number analysis system which can be used to predict many things in life, including market movements.
Elliott was born in Kansas in 1871. In his early career he worked for around 25 years as an accountant, often in executive positions. Many of these positions were held in Central America and Mexico. He learned skills of financial management and corporate reorganisation. In 1924 he became Chief Accountant for Nicaragua.
Later in life he was struck by illness and turned his attentions to analysis of the stock market. He was completing a goal that he had expressed in a book he had written about Latin America: "There is a reason for everything, and it is [one's] duty to try to discover it."
Investigating the possibility of form in the marketplace, Elliott examined yearly, monthly, weekly, daily, hourly and half-hourly charts of the various indexes covering 75 years of stock market behavior. In 1934 his observations began to form a set of principles about wave movement and the application to stock prices.
In 1946, his finest work was published, Nature's Law - The Secret Of The Universe. The first 1000 copies sold out quickly to financial analysts and the position in history of Ralph Elliott was set. His research is now used by thousands of fund and money managers around the world to assist their decision making.
In the modern financial world, the leading interpreter of wave priciples is Robert Prechter.
Ralph Elliott and The Wave Principle
He is remembered as the father of The Wave Principle, now known as the Elliott Wave Principle which is a number analysis system which can be used to predict many things in life, including market movements.
Elliott was born in Kansas in 1871. In his early career he worked for around 25 years as an accountant, often in executive positions. Many of these positions were held in Central America and Mexico. He learned skills of financial management and corporate reorganisation. In 1924 he became Chief Accountant for Nicaragua.
Later in life he was struck by illness and turned his attentions to analysis of the stock market. He was completing a goal that he had expressed in a book he had written about Latin America: "There is a reason for everything, and it is [one's] duty to try to discover it."
Investigating the possibility of form in the marketplace, Elliott examined yearly, monthly, weekly, daily, hourly and half-hourly charts of the various indexes covering 75 years of stock market behavior. In 1934 his observations began to form a set of principles about wave movement and the application to stock prices.
In 1946, his finest work was published, Nature's Law - The Secret Of The Universe. The first 1000 copies sold out quickly to financial analysts and the position in history of Ralph Elliott was set. His research is now used by thousands of fund and money managers around the world to assist their decision making.
In the modern financial world, the leading interpreter of wave priciples is Robert Prechter.
Ralph Elliott and The Wave Principle
