Elliot wave theory

Elliot wave theory > according to the http://en.wikipedia.org/wiki/Elliott_wave_principle, the Elliot wave "is a form of technical analysis that attempts to forecast trends in the financial markets and other collective activities. It is named after Ralph Nelson Elliott (1871–1948), an accountant who developed the concept in the 1930s: he proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves. Elliott published his views of market behavior in the book The Wave Principle (1938), in a series of articles in Financial World magazine in 1939, and most fully in his final major work, Nature’s Laws – The Secret of the Universe (1946).^[1] Elliott argued that because humans are themselves rhythmical, their activities and decisions could be predicted in rhythms, too. Critics argue the theory is pseudoscience: it is unprovable, is inconsistent with the generally accepted efficient market hypothesis and is at odds with modern social science." in our group now I decide to put my opinion about this theory and how to use it in the market