Ralph Nelson Elliott Quotes

Who was Ralph Nelson Elliott?

Ralph Nelson Elliott was an American accountant and author. Elliott studied the stock market and developed the Wave Principle.

Born July 28, 1871
Died January 15, 1948
Aged 76 years old

Books by Ralph Nelson Elliott

Best 6 Quotes by Ralph Nelson Elliott

“At best, news is the tardy recognition of forces that have already been at work for some time and is startling only to those unaware of the trend.”

“Fluctuations in economic welfare are as unfailing as the earth's revolution.”

“Forces travel in waves, as demonstrated by Galileo, Newton and other scientists.”

“Since the very character of law is order, or constancy, it follows that all that happens will repeat and can be predicted if we know the law.”

“The forces that cause market trends have their origin in nature and human behavior.”

“The market has advanced and declined on the same kind of news. Therefore, the only way to 'see the forest clearly' is to take a position above the surrounding trees.”

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“People want to be led astray. They constantly ask the wrong questions. For example, what’s the market going to do now? What should I buy now? I own XYZ stock. Do you think it’s going to go up? (If you say no, then they’ll ask someone else until they find a person who agrees with their opinion.) Tell me how I can get into the market and be 'right' most of the time. And those selling information get rewarded by giving them the answers they want. There is a large industry available to give you the answer to such questions.”

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