Elliott Wave theory?

Discussion in 'Trading' started by michaelday, Sep 11, 2001.

  1. What are the best sources to study this theory and how effective it is in your opinion?
  2. tuna


  3. vikana

    vikana Moderator

    The "bible" on Elliot wave theory is: "Elliott Wave Principle : Key to Market Behavior" by Robert R. Prechter Jr., A. J. Frost


    That being said: I never found Elliott wave theory useful. For each rule they have multiple exceptions, and I was never able to codify any of the principles in a way that was productive consistient profitable results.

    As with everything else in trading, I'm sure that someone else has made a fortune off of Elliott Wave methods .. it just never worked for me.