Elliot Wave Theory

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Condor Options  Jun 3  Comment 
Hilarious chart via EliteTrader (h/t Barry) of the dreaded Black Swan discussed in Nassim Nicholas Taleb's book of the same name. Why are Elliot Wave dudes so humorless? A commenter at The Big Picture chides: While you may be joking around, an...




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The Elliot Wave Theory is the theory named after Ralph Nelson Elliot, who theorized that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. This is often used in technical analysis.

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