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Member SpotlightRichard Swannell
Richard Swannell single-handedly created the first software to ever fully computerize the Elliott Wave Principle. Before pioneering this breakthrough in 1995, it was generally accepted that because of its subjectivity, the Elliott Wave Principle could never be fully computerized. Swannell forever changed this paradigm, paving the way for others to follow. He then assembled an R&D team to create a unique form of artificial intelligence that could find Elliott Wave patterns within financial market data. The completed software needed more processing power than was locally available, so he enlisted the help of more than 3,000 of his client’s computers in 65 countries around the world, connected them in an internet network grid, and created what was effectively a supercomputer – a world-first for the financial industry. It took this supercomputer a full three years to complete the analysis and create a database of Elliott Wave patterns - the largest and most comprehensive database of its type ever compiled. With comprehensive statistical analysis, Swannell was finally able to answer the long lasting lament of Elliott technicians; Why does the Elliott Wave Principle make so much logical sense, but prove so unreliable in live markets? In so doing, he refined the understanding of Elliott Wave – publishing his findings in 2004 - and then moved on to develop what is now referred to as the Refined Elliott Wave Principle. This breakthrough is the first major advancement in Elliott Wave Theory in its 70 year history. Swannell founded Elliottician.com to spearhead his ongoing Elliott Wave Research and to create a track record for the Refined Elliott Wave Principle by regularly publishing financial market forecasts. Acceptance of the new Refined Elliott Wave Principle by professional fund managers is rapidly gaining ground as Swannell’s software and technology is proving to be considerably more reliable than those only based on traditional Elliott Wave Theory. Born and raised in Australia, Richard lives with his wife, Mandy, of 25 years and the younger of their four children in Switzerland, Australia and at times, in the USA. Richard is a passionate photographer and often travels into India to work with the under privileged.
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