Elliot wave theory

i heard this theory recently and working hard to study this theory(elliot wave principle ).Does everyone know this theory.

it is the best theory to forecast future price moments.why no one is speaking about this theory.

http://www.elliottwave.com/secure/default.aspx?ReturnUrl=%2fereader%2fewp%2fdefault.aspx

Many theories and indicators are available to predict the future price movement. The application of these theories and indicators are depends on the trading style (Day trading,Swing trading and Investor) and timeframe.

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