Bharat Jhunjhunwala No Comments

Predictive power of the Elliott Waves. Realty or Illusion?

The underlying premise of Elliott Wave theory is that human behavior—as manifested in the movement of the stock market—can be modeled mathematically as a series of patterns expressed by a deterministic function. This conclusion arises from a mistaken analogy between stock price movements and other phenomena found in nature. For centuries, people noticed that there were patterns in snail shells, planetary orbits, ocean tides, and many other phenomena. Read more