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Technical Analysis - Financial Glossary
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Elliot Wave Theory | |||||||||||||
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Originally published by Ralph Nelson Elliot in 1939. It is a pattern recognition theory. It holds that the stock market follows a pattern of five waves up and three waves down to form a complete cycle. Many technicians believe that this pattern can hold true for as short a time period as one day. However, it is generally used to measure long periods of time in the market. | |||||||||||||
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Traders Floor | Index Trading | Technical Analysis |
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Exchanges: AMEX
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