R.N. Elliott's other major insight: News events do not impact market price patterns
By Elliott Wave International
Even major news does not alter the market's main wave pattern! This seems to defy logic because most people believe that news and events are the very things that drive the stock market. Yet, it was barely 100 years ago when most people believed that only birds could fly. In the 70 years since R.N. Elliott observed that news does not alter the market's wave pattern, his insight has been proven time and again. It's wise to keep your market eye on what really matters: the Wave Principle. You can find out what the Wave Principle is revealing about today's market.. Read more.