Читать книгу Supertiming: The Unique Elliott Wave System - Robert C. Beckman - Страница 6

“More zeal and energy, more fanatical hope, and more intense anguish have been expended over the past century in efforts to ‘forecast’ the stock market than in almost any other single line of human action.”

Richard Dana Skinner

VERY LITTLE LITERATURE is currently available on the Elliott Wave Principle; Elliott died in 1948 and his monographs and “educational letters” have been out of print for decades. This factor alone will make this work all the more valuable to those interested in this highly intriguing theory of cyclical movements in the stock market.

While it is difficult to obtain the original work carried out by R. N. Elliott, his background and emergence into the securities industry would appear to be even more obscure. The late A. Hamilton Bond, president of Bolton, Tremblay & Company, and probably the world’s principal exponent of Elliott’s work had very little information to provide about Elliott the man, and in fact was never closely associated with him. In 1953, Bolton decided to publish a small pamphlet on what he thought the Elliott Wave Principle was saying about the U.S. stock market at that time. This was the first widely recognised publication of any material on Elliott since his death in 1948. For some reason none of Elliott’s students had seen fit to carry on his work. Bolton had become intrigued with the possibilities of the Wave Principle when he first discovered the series of articles authored by Elliott in The Financial World, circa 1938. Following Elliott’s death in 1948, only one or two students were willing to discuss the Wave Principle in any way. In his work, “The Elliott Wave Principle – A Critical Appraisal” Bolton refers to Garfield Draw, a student of R. N. Elliott, and author of New Methods for Profit in the Stock Market. In this publication no mention is made of Elliott’s background by the notable Mr. Drew and a mere two pages of the 365-page volume are devoted to an explanation of the Wave Principle. It would appear that those who were unable to grasp the theories of Elliott merely dismissed them, while those who studied with him, kept his principles a well-guarded secret.