July 28 would have been Ralph N. Elliott’s 140th birthday, so
it’s a fitting time to post an excerpt from his essay, “The
Basis of the Wave Principle.” There’s nothing like reading
for yourself what the discoverer of the Wave Principle wrote about
how it works. This essay is taken from the book, R.N. Elliott’s
Masterworks. It’s the definitive collection that Robert Prechter
collected and published in 1994.
This
article was syndicated by Elliott Wave International and
was originally published under the headline Read About the Elliott Wave Principle in R.N. Elliott’s Own Words on his Birthday.
EWI is the world’s largest market forecasting firm. Its staff
of full-time analysts led by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
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