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• An Elliott Wave perspective: DJIA 400 or 6000? by Elliot Brenner

  ARTICLE SYNOPSIS ...An Elliott Wave perspective: DJIA 400 or 6000? by Elliot Brenner To put the stock market's present wave structure into perspective, I believe it is helpful to examine an important rule of Elliott Wave analysis--the Rule of Equality. This rule has been completely ""bent out of shape"" by analysts who have used it to confirm that a long-term bull market advance has ended and a long-term bear market correction has begun. What is the Rule of Equality? It states that two of the impulse waves (waves in the direction of the main trend) in any five-wave advance or decline will tend toward equality in...

AUTHOR: Elliot BrennerDATE: FEB 1989