The charts shown in this book are from Elliot's time, namely the depression [ie. the 1930's]. You might think that they have no bearing to today's markets. However, one of the biggest problems with market timing is forecasting a bear market trend; especially a short one. That was my biggest problem with applications involving market behavior analyzed as Elliot waves. This book helps solve that problem by helping the technician analyze long bear market trends where wave counting is extremely critical.The book helped my timing immensely, so that I don't get caught in false bottoms anymore and can recognize the top of markets, especially with respect to stock trading volume. The writer is at his best when relating to the market and analyzing trends. There is a long biography included in this volume, which I found tedious and boring. His analysis does have some contradictions, however, the charts he presents should help anyone with a high school education and good visual skills become a better trader