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Consider when reading such deep yet
vague descriptions that these people could not clearly see
what they sensed. They did not have graphs and the Wave Principle
to make nature's growth pattern manifest and were doing the best
they could to describe an organizational principle that they
discerned as shaping the natural world. If these ancient
philosophers were right that a universal structural force governs
and permeates the world, should it not govern and permeate the
world of man? If forms throughout the universe, including man's
body, brain and DNA, reflect the form of phi, might man's
activities reflect it as well? If phi is the life-force in
the universe, might it be the impulse behind the progress in man's
productive capacity? If phi is a symbol of the creative
function, might it govern the creative activity of man? If man's
progress is based upon production and reproduction "in an
endless series," is it not reasonable that such progress has
the spiraling form of phi, and that this form is
discernible in the movement of the valuation of his productive
capacity, i.e., the stock market? Just as the initiated Egyptians
learned the hidden truths of order and growth in the universe
behind the apparent randomness and chaos (something that modern
"chaos theory" has finally rediscovered in the 1980s),
so the stock market, in our opinion, can be understood properly if
it is taken for what it is rather than for what it crudely
appears to be upon cursory consideration. The stock market is not
a random, formless mess reacting to current news events but a
remarkably precise recording of the formal structure of the
progress of man.
Compare this concept with
astronomer William Kingsland's words in The Great Pyramid in
Fact and in Theory that Egyptian astronomy/astrology was a
"profoundly esoteric science connected with the great cycles
of man's evolution." The Wave Principle explains the great
cycles of man's evolution and reveals how and why they unfold as
they do. Moreover, it encompasses micro as well as macro scales,
all of which are based upon a paradoxical principle of dynamism
and variation within an unaltered form.
It is this form that gives
structure and unity to the universe. Nothing in nature suggests
that life is disorderly or formless. The word "universe"
means "one order." If life has form, then we must not
reject the probability that human progress, which is part of the
reality of life, also has order and form. By extension, the stock
market, which values man's productive enterprise, will have order
and form as well. All technical approaches to understanding the
stock market depend on the basic principle of order and form.
Elliott's theory, however, goes beyond all others. It postulates
that no matter how minute or how large the form, the basic
design remains constant.
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