Ten analysts look at the same chart and draw ten entirely different counts. Only one is right, but all have "followed the rules."
While most instructors taught Elliott Wave as a series of shapes (e.g., "an impulse looks like this"), Neely realized that shapes are misleading. He discovered that the secret lies in —specific mechanical rules that dictate how waves must behave relative to one another.
In 1990, Neely published Mastering Elliott Wave: Presenting the Neely Method: The First Scientific, Objective Approach to Market Forecasting with the Elliott Wave Theory . This book was revolutionary. For the first time, someone had removed the "art" from Elliott Wave and turned it into a science.