Microsoft Word io elliott Wave Theory doc

Exogenous Forces 
We do not reject the idea that exogenous forces may be triggering cycles and patterns that man has 
yet to comprehend. For instance, for years analysts have suspected a connection between sunspot 
frequency and stock market prices on the basis that changes in magnetic radiation have an effect on 
the mass psychology of people, including investors. In 1965, Charles J. Collins published a paper 
entitled "An Inquiry into the Effect of Sunspot Activity on the Stock Market." Collins noted that since 
1871, severe bear markets generally followed years when sunspot activity had risen above a certain 
level. More recently, Dr. R. Burr, in Blueprint for Survival, reported that he had discovered a striking 
correlation between geophysical cycles and the varying level of electrical potential in plants. Several 
studies have indicated an effect on human behavior from changes in atmospheric bombardment by 
ions and cosmic rays, which may in turn be effected by lunar and planetary cycles. Indeed, some 
analysts successfully use planetary alignments, which apparently affect sunspot activity, to predict the 
stock market. In October 1970, The Fibonacci Quarterly (issued by The Fibonacci Association, Santa 
Clara University, Santa Clara, CA) published a paper by B.A. Read, a captain with the U.S. Army 
Satellite Communications Agency. The article is entitled "Fibonacci Series in the Solar System" and 
establishes that planetary distances and periods conform to Fibonacci relationships. The tie-in with the 
Fibonacci sequence suggests that there may be more than a random connection between stock 
market behavior and the extraterrestrial forces affecting life on Earth. Nevertheless, we are content for
the time being to assume that Elliott Wave patterns of social behavior result from the mental and 
emotional makeup of men and their resulting behavioral tendencies in social situations. If these 
tendencies are triggered or tied to exogenous forces, someone else will have to prove the connection. 
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