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To: Gary Burton who wrote (39909)	3/14/1999 3:17:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Gary: OT on EW Whats the best "readable"<gbg> book on Elliot? I spent a lot of time trying to figure out the fundamental reasons behind the larger economic cycle swings that manifest themselves as chart squiggles. I have come to the conclusion that demographic cycles of birth and deaths and the resulting spending patterns are the major operating forces behind the economic cycles. The major amount of consumer spending occurs between the ages of 30 and 45. This is evident in the US bull market/ economic boom we've seen over the last 20 years and is a direct result of the 50's baby boom. This boom will end, but not for another 5 years in the US. The European baby boom was smaller than ours and lagged it by a few years. This is why their economies are now still lagging. The Japanese birth cycle is completely out of sync with the rest of the world including Asia which has very favorable demographics, and will cause Asia to boom again. The same deal with South America. The Japanese demographics explain why the pushing on a string is still evident there, just too many people in the wrong age group/ spending patterns. Wolanchuk is best Ewaver around because his understanding of the fundamentals behind the waves has allowed him to correctly read them. If you would be so kind, please post an EW title. Thanks in advance.