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The Elliott Influx Principle is a form of technical research that some professionals use to investigate financial market cycles and forecast market movements by determining extremes in buyer mindset, highs and lows in prices, and other collective factors. Ralph Nelson Elliott, a professional accountant, learned the underlying public ideas and developed the analytical tools. He proposed that market prices unfold in specific patterns, which experts today call Elliott waves, or just waves. Elliott posted his theory of market behavior in this booklet, The Wave Basic principle. Elliott explained that "because man is at the mercy of rhythmical procedure, calculations relating to his activities can be projected much into the future with a justification and certainty heretofore unattainable."
