"During the late 1920s, Ralph Nelson Elliott theorized that stock markets do not behave in a random, chaotic manner, but rather that they move in repetitive cycles, which reflect the actions and emotions of humans caused by exterior influences or mass psychology. Elliott believed that the ebb and flow of mass psychology reveals itself in the same repetitive patterns - illustrated by recognizable "waves." It was at this point that Elliott Wave theory was born." "In Applying Elliott Wave Theory Profitably, author and Elliott Wave expert Steven Poser makes sense of this proven trading strategy and gives you the most well-rounded and straightforward lesson on how to make money using Elliott Wave theory."--Jacket.