Fibonacci's Fling #7 - Elliott Wave Principle
*** THE POSTED COORDINATES ALONE WILL NOT LEAD TO THE CACHE ***
Welcome to the seventh puzzle in my cache series dedicated to Leonardo Pisano Bigollo (c.1170- 1250) also known as Leonardo of Pisa, Leonardo Pisano, Leonardo Bonacci, Leonardo Fibonacci, or, most commonly, simply Fibonacci, was an Italian mathematician, considered by some "the most talented western mathematician of the Middle Ages." He is as important and relevant to our lives today as when his mathematical abilities were first discovered then.
Simple math and minor internet research skills are all that's required. All of the caches are located within just a few miles of cache #1 and must be completed in any order to ultimately be successful. Each log will contain an important number which is required to solve the final cache. Note: decimals do matter! (Ex: North 32 34.123 will numerically be the number 3234.123 for mathematical purposes). When required, all puzzles will use the simple encryption of :
A,B,C,...,M...,X,Y,Z = 1,2,3,...,13,...,24,25,26
Cache #7
The Elliott Wave Principle (which is the primary investing method that I use) is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns.
One of the easiest places to see the Elliott Wave Principle at work is in the financial markets, where changing investor psychology is recorded in the form of price movements. If you can identify repeating patterns in prices, and figure out where we are in those repeating patterns today, you can predict where we are going.
The Elliott Wave Principle is named for its discoverer ( R.N. Elliott) who is pictured.
Elliott Wave Principle measures investor psychology, which is the real engine behind the stock markets. When people are optimistic about the future of a given issue, they bid the price up.
Two observations will help you grasp this: First, for hundreds of years, investors have noticed that events external to the stock markets seem to have no consistent effect on the their progress. The same news that today seems to drive the markets up are as likely to drive them down tomorrow. The only reasonable conclusion is that the markets simply do not react consistently to outside events. Second, when you study historical charts, you see that the markets continuously unfold in waves.
Using the Elliott Wave Principle is an exercise in probability. An Elliottician is someone who is able to identify the markets structure and anticipate the most likely next move based on our position within those structures. By knowing the wave patterns, you’ll know what the markets are likely to do next and (sometimes most importantly) what they will not do next. By using the Elliott Wave Principle, you identify the highest probable moves with the least risk. In combination with Technical Analysis (RSI, MACD, Stochastics, Trendlines, and Fibonacci support/resistance levels), I believe Elliott Wave methodology yields a superior way to invest my hard earned money.
NORTH
Using Elliott Wave terminology, corrective waves have 3 sub waves and impulse waves have how many subwaves? Divide this number by 10 and subtract from the posted North coordinates to find the cache.
WEST
In what year did the discoverer of the Elliott Wave Principle die? Divide this number by 1000 and subtract from the posted West coordinates to find the cache.
You can check your answers for this puzzle on GeoChecker.com.