“By extrusion, we match the heartbeats of today’s and yesterday’s markets.”
William C. Garrett
A. HAMILTON BOLTON, in his work, The Elliott Wave Principle, probably did more to clarify some of the more obscure facets of Elliott’s work than any other analyst who has ever studied these principles. Most analysts have always found the subject of corrective action to be the most elusive and it is in this area that Bolton’s work was exceedingly valuable.
In his dissertation on corrective action, Bolton begins with the basic premise that a five-wave movement in the direction of the main trend is followed by a correction. Deductive logic therefore would state that a ...