“Behaviour of Waves has been fairly well explored but application is in its infancy.”
R. N. Elliott
THE GENESIS OF the stock market was a large tree under which buyers and sellers of shares in various different companies would meet in order to transact their business. For a time, the tree was adequate for the purpose, fulfilling the pure function of a market-place where men could go and effect their transactions. But even then we were in a growth-oriented environment, and before long the business of dealing in stocks and shares expanded and the tree was abandoned in favour of a nearby coffee house, in turn necessitating the need for a code of dealing practices.
Somewhere along the line ...