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Elliott Wave Theory

   Also found in: Wikipedia 0.60 sec.
Elliott Wave Theory
Technical market timing strategy that predicts price movements on the basis of historical price wave patterns and their underlying psychological motives. Robert Prechter is a famous Elliott Wave theorist.
Elliott Wave Theory
A technical tool developed in the 1930s by R. N. Elliott for explaining stock price movements in terms of the sociological factors of investor optimism and pessimism. The theory holds that market movements occur in five waves in a given direction (up or down) followed by a correction of three waves in the opposite direction. According to the theory the wave patterns repeat themselves and can be used for forecasting market movements.


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I follow the Elliott Wave theory, and one more leg up is expected in both crops.
Why I'll stay with 85% RA-HPO in 2004 by Rohrs, Brian / Top Producer
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