Elliott Wave: Is the Theory Based in Social Mood? Ralph Nelson Elliott developed the Elliott Wave Theory in the 1920s by examining the underlying socio-psychological principles regarding investing habits. The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, shifts between optimistic and pessimistic extremes in natural sequences. These mood swings create patterns […]

Dow Future Short Term Elliott Wave view suggests that Intermediate wave (4) ended with the decline to 23205. Up from there, Intermediate wave (5) is unfolding as an Ending Diagonal Elliott Wave structure where Minor wave 1 ended at 24536 and Minor wave 2 ended at 24073. The Index has been able to break above Minor wave […]

Dow Future Short Term Elliott Wave view suggests that the decline to 23205 ended Intermediate wave (4). Intermediate wave (5) is in progress as an Ending Diagonal Elliott Wave structure where Minor wave 1 ended at 24536 and Minor wave 2 ended at 24073. The Index still needs to break above Minor wave (1) at 24536 to […]

We now live in an interesting time. Every day we wake up with the news about either World Indices make all-time records or bad news about terrorist attack and nuclear test. Historically, humans have gone through these stages and we were able to withstand all these events. At ElliottwaveForecast.com, we try to ignore all these events […]