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The Elliott wave principle, or Elliott wave theory, is a form of technical analysis that helps financial traders analyze market cycles and forecast market trends by identifying extremes in investor psychology and price levels, such as highs and lows, by looking for patterns in prices.
In 1979 Prechter left Merrill Lynch and published the first subscription issue of the Elliott Wave Theorist.The 1970s had been very bullish years in the gold market but mostly bearish for stocks, yet his Elliott wave analysis called for a long-term reversal lower in gold (February 1980) [5] [14] and a long-term "super bull market underway" in stocks (October 1982).
During 2006–2007 the Dow Jones Industrial Average reached a new all-time high, which has been interpreted by some Elliott Wave analysts as indicating that 2000–2002 was not the beginning of a Grand Supercycle bear market. However, as this new high was merely a nominal new high in US dollars, and not a new high when measured in ounces of ...
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Oil prices jumped to a three-month high on Friday, with traders digesting new sweeping sanctions against Russia as the Biden administration tries to cut off Moscow from crude revenue amid the ...
Ralph Nelson Elliott (28 July 1871 – 15 January 1948) was an American accountant and author whose study of stock market data led him to develop the Wave Principle, a description of the cyclical nature of trader psychology and a form of technical analysis.
Elliott rushed for over 8,000 yards and 68 touchdowns during his time with the Dallas Cowboys. Now a Patriot, he was honored with a tribute video before the game. Dallas Cowboys honor former star ...
The publication includes Elliott wave analysis of the financial markets and cultural trends, plus commentary on topics that include technical analysis, behavioral finance, physics, pattern recognition, and socionomics. Robert Prechter is the publication's editor and main contributor. [1]