Ralph Nelson Elliott: Difference between revisions
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'''Ralph Nelson Elliott''' (28 July 1871 – 15 January 1948) was an [[United States of America|American]] [[accountant]] and author whose study of stock market data led him to develop the [[Elliott wave principle|Wave Principle]], a description of the cyclical nature of trader psychology and a form of [[technical analysis]] | '''Ralph Nelson Elliott''' (28 July 1871 – 15 January 1948) was an [[United States of America|American]] [[accountant]] and author whose study of stock market data led him to develop the [[Elliott wave principle|Wave Principle]], a description of the cyclical nature of trader psychology and a form of [[technical analysis]]. These cyclical patterns in price movements are known among practitioners of the method as ''Elliott waves''.<ref name=Frost>{{Cite book | last1 = Frost | first1 = A.J.| first2 = ((Robert R., Jr.)) | last2 = Prechter | title = Elliott Wave Principle | location = Gainesville, GA | publisher = New Classics Library | year= 2005 | edition = 10th | page = 9 | isbn = 9780932750754}}</ref> | ||
==Personal life and career== | ==Personal life and career== | ||
Elliott was born in [[Marysville, Kansas]], and later moved to [[San Antonio, Texas]]. He entered the accounting field in the mid-1890s and worked primarily in executive positions for railroad companies in Central America and Mexico. In 1903, Elliott married Mary Elizabeth Fitzpatrick (1869–1941), who accompanied him during his extended time working as an expatriate in Mexico. Civil unrest there brought the couple back to the United States and eventually to a residence in New York City, where Elliott started a | Elliott was born in [[Marysville, Kansas]], and later moved to [[San Antonio, Texas]]. He entered the accounting field in the mid-1890s and worked primarily in executive positions for railroad companies in Central America and Mexico. In 1903, Elliott married Mary Elizabeth Fitzpatrick (1869–1941), who accompanied him during his extended time working as an expatriate in Mexico. Civil unrest there brought the couple back to the United States and eventually to a residence in New York City, where Elliott started a consulting business. In 1924, the United States Department of State appointed Elliott to the post of Chief Accountant for Nicaragua, which was under American control at the time. Not long afterward, Elliott wrote two books based on his professional experiences: ''Tea Room and Cafeteria Management''<ref> | ||
[http://hdl.handle.net/2027/coo.31924003587700 Tea room and cafeteria management]</ref> | [http://hdl.handle.net/2027/coo.31924003587700 Tea room and cafeteria management]</ref> | ||
and ''The Future of Latin America''.<ref name=Masterworks>{{Cite book | last = Elliott| first = Ralph Nelson | editor-last = Prechter | editor-first = ((Robert R., Jr.)) | title = R.N. Elliott's Masterworks | location = Gainesville, GA | publisher = New Classics Library | year= 1994 | pages = 17, 21, 26, 34, 41, 50, 51, 58, 62, 68 | isbn = 9780932750761}}</ref> | and ''The Future of Latin America''.<ref name=Masterworks>{{Cite book | last = Elliott| first = Ralph Nelson | editor-last = Prechter | editor-first = ((Robert R., Jr.)) | title = R.N. Elliott's Masterworks | location = Gainesville, GA | publisher = New Classics Library | year= 1994 | pages = 17, 21, 26, 34, 41, 50, 51, 58, 62, 68 | isbn = 9780932750761}}</ref> | ||
==Elliott Wave Principle== | ==Elliott Wave Principle== | ||
In the early 1930s, Elliott began a systematic study of seventy-five years of stock market data, including index charts with increments ranging from yearly to half-hourly prices. In August 1938, he detailed his results by publishing his third book in collaboration with Charles J. Collins, entitled ''The Wave Principle.'' Elliott | In the early 1930s, Elliott began a systematic study of seventy-five years of stock market data, including index charts with increments ranging from yearly to half-hourly prices. In August 1938, he detailed his results by publishing his third book in collaboration with Charles J. Collins, entitled ''The Wave Principle.'' Elliott believed that, while stock market prices may appear random and unpredictable, they supposedly follow predictable patterns that can purportedly be measured and forecast using [[Fibonacci number]]s. Soon after the publication of ''The Wave Principle'', ''Financial World'' magazine commissioned Elliott to write twelve articles under the book title, describing his method of market forecasting.<ref name=Masterworks/> | ||
In the early 1940s, Elliott expanded the theory to apply to all collective human behavior. His final major work was his most comprehensive: ''Nature's Law –The Secret of the Universe'' published in June, 1946, two years before he died.<ref name=Masterworks/> | In the early 1940s, Elliott expanded the theory to apply to all collective human behavior. His final major work was his most comprehensive: ''Nature's Law –The Secret of the Universe'' published in June, 1946, two years before he died.<ref name=Masterworks/> | ||
== References == | == References == | ||
{{reflist}} | {{reflist}} | ||
Latest revision as of 06:55, 28 June 2025
Template:Short description Script error: No such module "infobox".Script error: No such module "Check for unknown parameters".Template:Main otherScript error: No such module "Check for clobbered parameters".Template:Wikidata image Ralph Nelson Elliott (28 July 1871 – 15 January 1948) was an American accountant and author whose study of stock market data led him to develop the Wave Principle, a description of the cyclical nature of trader psychology and a form of technical analysis. These cyclical patterns in price movements are known among practitioners of the method as Elliott waves.[1]
Personal life and career
Elliott was born in Marysville, Kansas, and later moved to San Antonio, Texas. He entered the accounting field in the mid-1890s and worked primarily in executive positions for railroad companies in Central America and Mexico. In 1903, Elliott married Mary Elizabeth Fitzpatrick (1869–1941), who accompanied him during his extended time working as an expatriate in Mexico. Civil unrest there brought the couple back to the United States and eventually to a residence in New York City, where Elliott started a consulting business. In 1924, the United States Department of State appointed Elliott to the post of Chief Accountant for Nicaragua, which was under American control at the time. Not long afterward, Elliott wrote two books based on his professional experiences: Tea Room and Cafeteria Management[2] and The Future of Latin America.[3]
Elliott Wave Principle
In the early 1930s, Elliott began a systematic study of seventy-five years of stock market data, including index charts with increments ranging from yearly to half-hourly prices. In August 1938, he detailed his results by publishing his third book in collaboration with Charles J. Collins, entitled The Wave Principle. Elliott believed that, while stock market prices may appear random and unpredictable, they supposedly follow predictable patterns that can purportedly be measured and forecast using Fibonacci numbers. Soon after the publication of The Wave Principle, Financial World magazine commissioned Elliott to write twelve articles under the book title, describing his method of market forecasting.[3]
In the early 1940s, Elliott expanded the theory to apply to all collective human behavior. His final major work was his most comprehensive: Nature's Law –The Secret of the Universe published in June, 1946, two years before he died.[3]