This is an excerpt from Elliott Wave International’s free Club EWI resource, “What
Can a Fractal Teach Me About the Stock Market?” by
EWI’s president Robert Prechter.In the 1930s, Ralph Nelson Elliott described the stock
market as a fractal — an object that is similarly shaped
at different scales. Scientists today recognize financial
markets’ price records as fractals, but they presume
them to be of the indefinite variety. Elliott found something
different:
Elliott Wave International (EWI) is the world’s largest market
forecasting firm. EWI’s 20-plus analysts provide around-the-clock
forecasts of every major market in the world via the internet and proprietary
web systems like Reuters and Bloomberg. EWI’s educational services
include conferences, workshops, webinars, video tapes, special reports,
books and one of the internet’s richest free content programs, Club
EWI.
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