(From The Jacket) – The Elliott Wave Theory, as introduced by R.N. Elliott in the early 1930’s, defines, quantifies and classifies the seemingly random undulations of mass psychology (market action) into visual price patterns. Since R.N. Elliott described psychological developments as structurally repetitive phenomenon which obeys mathematical laws of progression, studying the record of a market’s price action will provide you with strong clues on the current state and position of mass psychology (within a standardized sequence) and it’s future economic ramifications.
Unfortunately, in its original form, many concepts and ideas concerning real-time application of the Elliott Wave Theory were left to the analyst to discover. After a decade of exhaustive research Glenn Neely has greatly expanded upon and refined the concepts first discovered by R.N. Elliott to help you more accurately apply them to your trading, investments and business endeavors. For the first time, these concepts are presented in a logical, step-by-step fashion, in the actual order they should be applied to a price chart. Consequently, all guesswork typically associated with the Wave Theory has been eliminated for you.
If you yearn for a greater understanding of the dynamics of market price action, if you long for the ability to predict the future (for profit or for fun), this book will help you achieve that goal like no other.
Since its publication well over 25 years ago, this masterwork has consistently been the number one best-seller for publisher Windsor Books.