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The Elliott Wave Principle is a detailed description of how financial
markets behave. The description reveals that mass psychology swings from
pessimism to optimism and back in a natural sequence, creating specific
Elliott wave patterns in price movements. Each pattern has implications
regarding the position of the market within its overall progression,
past, present and future. The purpose of Elliott-today's market-oriented
publications is to outline the progress of markets in terms of the Wave
Principle and to educate interested parties in the successful
application of the Wave Principle. While a course of conduct regarding
investments can be formulated from such application of the Wave
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for any specific person, and at no time may a reader, caller or viewer
be justified in inferring that any such advice is intended. Investing
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