There is an article about Elliott Wave and the current market at Hubb Financial. Besides describing how the Elliott Wave theory is applied to the current market index it is optimistic regarding the future market movement.
To me it sounds complicated at least as some religious books. The wave and/or the points can be positioned arbitrarily so any scenario can be defended. Whether we are on the upwards movement or is it only a correction in the downwards movement is very relative. Glass half-empty or half-full?
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