Elliott Wave Basics – Stock Market

http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory

“The Elliott Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns.”

“One of the easiest places to see the Elliott Wave Principle at work is in the financial markets, where changing investor psychology is recorded in the form of price movements. If you can identify repeating patterns in prices, and figure out where we are in those repeating patterns today, you can predict where we are going”(Elliot Wave International?)

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