Although it is the best forecasting tool in existence, the Wave Principle is not primarily a forecasting tool; it is a detailed description of how market behave.
This description does impart an immense amount of knowledge about market's position within the behavioral continuum and therefore about its probable path. The primary value of the Wave Principle is that it provides a context for market analysis. This context provides both a basis for disciplined thinking and a perspective on the market's general position and outlook.
====== From A.J. Frost ======
