The US Long Wave Revisited by Mark Rivest
Want a long-term cyclical outlook for the US stock market? Heres one way to do it.
Ralph Nelson Elliott discovered that stock market prices have repeatable patterns. He called this phenomenon the wave principle, now known as Elliott wave theory. He also found that this pattern was just one part of a larger pattern with the same structure. This larger pattern was again just one part of a still larger pattern and could progress to infinity. Form remains constant but size will vary ...