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The purpose of Elliott Wave International is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle, often called the Elliott Wave Principle after its discoverer, R. It is about the DOW and Eliot Wave Theory.

I am not a follower of Elliott Wave theory. Robert Prechter is an Elliott wave theory proponent.

I am no Elliott Wave aficionado.

  • Looking to buy gold coins and bullion ?
  • To join the debate request a discussion password here .
  • He said in essence - the sentiment for Gold is so bad now that despite the fact that Eliot Wave has predicted a bear market in metals nonstop for the past 21 years, the time is drawing nigh for a big breakout to the upside in gold.

definately !

Is there a connection with the known gold-short position of Deutsche Bank ? Zero operation in paper .

In that same year papergold traded the same one ounce, over 20 times through options and futures, before it physically arrived at its real buyer ! .

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The Elliott wave theory is the basis of a technical analysis technique for predicting the behavior and market trends in the stock market, invented by Ralph Nelson Elliott in 1939. It is based on the belief that markets exhibit well-defined wave patterns that can be used to predict market direction: specifically that stock prices are governed by cycles which adhere to the Fibonacci sequence 0, 1, 1, 2, 3, 5, 8, 13, 21, etc. It claims that the stock market, acting as a meter for mob or crowd psychology, displays many of the same geometric features as other organic structures. Proponents of the Elliott wave theory claim that the pattern is exhibited repeatedly in past market price patterns, and that the fractal nature of such patterns creates a repetition of them on varying levels of order and magnitude.


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