In the late 1920s Ralph Nelson Elliott developed the Elliott Wave Theory. Through the observation of cycles inside several natural phenomena, he discovered the presence of analogous cycles in the stock market in every measured time frame. Waves are mathematical structures that reflect the "psychology of the masses" in stock prices. As with everything linked to human behavior, waves act like “living things” and are dynamic in nature.
Every market exhibits a cyclical behavior; stocks, bonds, currencies, commodities, inflation, deflation, economic growth- each one of these has its own cycle. Some Mathematic, Economic and Stock Market Masters such as Leonardo Fibonacci (Finonacci Sequence), Benoit Mandelbrot (“The Fractal Geometry of Nature”), W.D. Gann (” Forecasting the Stock Market”), Nikolai Kondratiev (“Theory of the Long Cycles”), Ralph Nelson Elliott (Elliott Wave Theory), have developed different approaches to observe and understand the cycle phenomena in different aspects of life.
Ellliot Wave Mexico leverages the great contributions of these “Masters” and combines them with observations of more than 100 years of daily prices and the study of 17 bull markets and 16 bear markets in order to understand the rhythm of the markets that corresponds with the social psychology of the moment.
I adapt these theories to the analysis of price charts, specifically those of the Mexican Stock Market, based on my personal methods, which I have developed over 30 years of investment and technical analysis experience.
“To make a success you must continue to study past records, because the market in the future will be a repetition of the past”. — W. D. GANN
“THAT WHICH HAS BEEN IS WHAT WILL BE, THAT WHICH IS DONE IS WHAT WILL BE DONE, AND THERES IS NOTHING NEW, UNDER THE SUN” — ECCLESIASTES 1, 9.