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Ralph Nelson Elliott was born in Marysville, Kansas on July 28th 1871. During the greater part of his life he worked as an accountant for several railroad companies in Central America and Mexico. Elliott was forced to retire early, due to debilitating intestinal illness he cought during his time in Central America. In order to keep his mind occupied, Elliott began studying the American stock market. Somewhere in the mid 1930s he discovered, that the price action of stocks is not random or chaotic, but patterned. The Market is governed by natural laws, contrary to the widely-accepted opinion that news and events are the driving force behind price trends.
In 1946 Elliott published a book called “Nature’s Law – The Secret of the Universe”, where he explained everything he had discovered. In this book he stressed out, that the Wave Principle is applicable not only to the markets, but in many other fields of life. Elliott died on January 15th 1948, but his legacy is still alive, thanks to people like Charles Collins, A.J.Frost and Robert Precher Jr.
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