#ElliottWavePrinciple – Post 1

“Under the Wave Principle, every market decision is both produced by meaningful information and produces meaningful information. Each transaction, while at once an effect, enters the fabric of the market and, by communicating transactional data to investors, joins the chain of causes of others’ behavior. This feedback loop is governed by man’s social nature, and since he has such a nature, the process generates forms. As the forms are repetitive, they have predictive value.”

A.J.Frost, R.Prechter “Elliott Wave Principle”

%d bloggers like this: