Serious question. I've heard this claim and I tend to believe it, but I am unable to find any evidence either way. Reading the "Elliot Wave Principle" I soon began wondering what a big load of bull dung I was reading. I can't imagine anyone actually using it to trade seriously. I'm of the opinion it's basically used to dupe newbies into believing they could get rich quick in the market. I'm perplexed as to why the MTA has it as required reading material, but that's all a distraction from my question. Did Ralph Elliot die broke? Or did he leave whatever heirs he had a fortune from applying his theories in the market?