The Elliott Wave Story
Nearly a century ago, a modest genius near the end of his life made a breakthrough discovery.
In 1938, R.N. Elliott’s landmark study of the stock market showed that prices in the indexes are patterned in a manner we now call a fractal. He discovered that investors, as a group, swing from optimism to pessimism and back in predictable waves.
Price changes that appear random, Elliott said, trace out patterns that are recognizable once you know what to look for. He called his discovery The Wave Principle.
Elliott offered evidence for his discovery by making astonishingly accurate stock market forecasts. Elliott Wave International strives every day to live up to that legacy.
A small circle of investment professionals kept Elliott’s Wave Principle alive from the 1950s to the early 1970s, quietly enjoying great success using it as a forecasting tool. In 1978, a book by Robert Prechter and A.J. Frost introduced the Wave Principle to a wider audience.
In 1999, Prechter made a case that Elliott had in fact identified waves of social mood, which manifest as changes in the stock market, fashion, politics and popular culture. This insight gave birth to a field of study called socionomics.
Today Elliott Wave international is the largest independent technical analysis firm in the world. We cover every major financial index across the globe, around the clock. It’s an exciting world. Join us and see for yourself.
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