Elliott Wave dilemma: Bull or bear market? by C. R. MacDowell
ARTICLE SYNOPSIS ...Elliott Wave dilemma: Bull or bear market? by C. R. MacDowell
The Elliott Wave Theory, while complex and subject to individual interpretation, offers a powerful means of putting the overall market developments into reasonable perspective and provides some guidance for what to expect of the future direction of the market as well as the possible extent of its moves. In mid-October 1989, the stock market was at a critical juncture but subject to two contrary wave theory interpretations.
Elliott Wave Theory is a pattern-recognition technique published by Ralph Nelson Elliott in 1939 which holds ...