Читать книгу Supertiming: The Unique Elliott Wave System - Robert C. Beckman - Страница 12

“It is, of course, easy from any set of statistics to prove that it is or is not. The National Bureau of Economic Research under Wesley Mitchell and Arthur Burns refuse to have any truck with thoughts about periodicity or form. Perhaps they are right. Perhaps all changes in the economic scene are due to accidental impulses which when totalled up come to a net of plus or minus factors without rhyme or reason. On the other hand, nothing in nature suggests that life is formless. If life has form, then it is a logical assumption that economics (which is a form of life) have form as well.”

A. Hamilton Bolton

BEFORE EMBARKING ON a study of any of the technical tools of stock market behaviour one must accept some basic truths of the stock market itself. Failure to accept the truth of stock market action will result in a failure to comprehend the rationale for the methods being used, which in turn will result in a lack of confidence and, in all probability, an inconsistent approach to the method. There is nothing worse than a student of stock market behaviour who suddenly places all his faith in a particular tool, finds the tool lets him down on the odd occasion, then switches to another tool, and so on and so forth, until the results he achieves are totally random. The secret to stock market success is to find a tool with a high probability of success, stick with that tool and above all, be consistent in your approach.