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The Way to Trade: Discover Your Successful Trading Personality by John Piper

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Appendix 5: IS ELLIOTT ADDICTIVE?

This is a story about my own experiences with the Elliott Wave Theory. I think it illustrates a number of important points about the way in which many people (including me) use different techniques and the dangers that can befall them. My story may not be typical in some ways, but in others I am sure it is.

I cannot recall precisely how I got hold of it, but I started to take Bob Beckman’s Investors Bulletin. In 1985/86, I think, I got hold of his book Super Timing which deals with the Elliott Wave Theory. Now this is a good book and the rest of this appendix is not to suggest otherwise.

I started to study this technique and it had immediate appeal. This is probably a personal thing but the patterns seemed ...

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