Wealth Builders, especially those who are using the stock and bond markets as their vehicles of wealth building, have a wide variety of investment newsletter choices available to help guide them to their destination. In this sea of letters, the Elliott Wave Theorist stands as a deviant - an investment newsletter that does not focus on specific stocks and bonds, but instead operates on the broad and bold canvas of mass social moods and waves.

The fundamental thesis of Elliott Waves is that the very social mood of the mass, that is a large group of people, moves as three steps forward interrupted by two steps back. The mood of the mass then manifests itself in our society, government, economy and almost everything that humanity touches (which is virtually everything on this planet). It leads to wars and ethnic cleansing, or to periods of tremendous collaboration and brotherhood. It leads to strong periods of innovation, or into the doldrums of depression. And it operates the same way at every level of detail (like fractals). It affects the movement of the stock markets at the minute level and also causes the Dark Ages and the Renaissance. Clearly, the scale here is stupendous.

The stock market, with its invisible unifying ticker tape, bringing together millions of investors, is uniquely qualified to record this mood and its changes. This is one reason why the study of Elliott Waves is possible in the stock market. But will you make a lot of money in the markets by purely relying on Elliott Waves? The answer is that you may, but you will be better served by combining general principles of technical analysis along with Elliott Waves. Nevertheless, that is not the reason to subscribe to Elliott Wave Theorist.

A seasoned wealth builder needs to understand not only company fundamentals and have the ability to read charts, but must develop a keen sense of investor psychology - psychology of other investors and one's own psychology. This is important to make the huge profits one always dreams of - but our own psychology can come in the way! Understanding the subtle effects of our own psychology is useful not only in investing, but in almost any endeavor we undertake. The difference between a multi-billionaire and a paycheck to paycheck survivor can often simply be traced to their understanding of their own and others' psychology.

Elliott Wave Theorist is the only investment newsletter that we know of that provides such an in-depth look at broad social patterns, and looks for clues in the general social mood to predict overall economic and stock market trends. Moreover, Robert Prechter, the editor of this newsletter, is not only an expert in the field of Elliott Wave, but is a true student of this subject. He has developed a true intuitive understanding of this subject, and is doing much to advance the field. A day may yet dawn, perhaps not in our lifetimes, when social mood waves and multi-generational patterns will be better understood, and the work will be built on the fine work by folks like Robert Prechter.