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Elliott Wave Theory
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Elliott Wave Theory is a method of analysing markets based on patterns of past price action and how these patterns relate to a simple master plan. The master plan is that there is an impulse wave consisting of 5 parts, followed by a corrective wave, usually of 3 parts - but which can get somewhat complex.
Elliott is a very optimistic theory as down moves are always corrective and new impulse moves always go to new highs eventually!
See Also: Online share dealing service Stockmarket Centre
Last Updated: June 2007 © Moneyextra.com
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