Читать книгу Supertiming: The Unique Elliott Wave System - Robert C. Beckman - Страница 20

The basic pattern which is the subject of this cumulative upward progression is quite simple to comprehend. Elliott’s work can be summarised in five basic tenets:

1 For every action there is a reaction. Stock market movements in the direction of the main trend have been defined as “impulse moves”. Stock market movements counter to the main trend have been defined as “corrective moves”. An “impulse move” is always followed by a “corrective move”.

2 Generally, all “impulse moves” have five subordinate wave components while all “corrective moves” have three subordinate wave components.

3 When the main trend is upward, waves 1, 3 and 5 are deemed “impulse moves” and waves 2 and 4 are “corrective moves”. When the main trend is downward, the first and third waves become “impulse moves” while the second wave becomes a “corrective move”.

4 The action of the main trend can be taking place over a time frame of anything from a few hours to many years. When the main trend has completed a series of five waves the trend is reversed and a “counter move” consisting of three waves is expected.

5 Upon the termination of a move comprising five waves followed by a “counter move” consisting of three waves, we thus have the first complete cycle movement. This complete cycle movement will represent the first and second waves of a cycle in the time frame of the next higher degree.