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A friend of mine swears by using Elliott waves to determine when to get in and out of markets or various sectors or even individual stocks.
His charts show that Elliott Wave Theory has predicted nearly every market correction and he says that while people don’t always apply it properly it can successfully predict everything that is associated with human behavior.
I’ve learned enough to know that Elliott Wave Theory is based on some powerful math and Fibonacci sequences and fractals but I don’t know how to evaluate the claims.
Also, there are dozens of people claiming to use Elliott