Monday, February 09, 2009

Robert Fischer on RN Elliot

For 50 years, RN Elliot has remained a legend for legions of analysts. Without his ideas, this book could never have been written. His brilliant deductions include:

  • Market swings are a reflection of human behavior.
  • Human behavior can be related to a phenomenon of nature.
  • Nature's law can be measured by using the Fibonacci summation series.

From his findings, published in The Wave Principle, Elliot claims that he can forecast price movements.

Robert Fischer, Fibonacci Applications and Strategies for Traders

No comments: