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Robert Prechter, Elliott Wave International’s founder and president, has been publishing The Elliott Wave Theorist continuously, every month, since 1979. Stocks, bonds, credit, debt, inflation/deflation, social trends… the topics you’ll see in the Theorist vary.

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Ralph Nelson Elliott is the father of the Elliott wave theory, which is commonly called and more accurately described as the Elliott Wave Principle. Born on July 28, 1871 in Marysville, Kansas, Elliott reached his ultimate achievement late in life by a circuitous route.

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Key Takeaway: A flat is a sideways correction labeled A-B-C. It subdivides 3-3-5. A flat correction differs from a zigzag in that the subwave sequence is 3-3-5, as shown in Figures 1 and 2.

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