>Mystical in what way?
Elliott Wave theory is a structural analysis of market prices. At its simplest, trend-following moves are divided into five waves, and countertrend moves into three. So in a bull market, you get an up movement followed by a down movement followed by an up (usually the longest and most powerful) followed by a down and then a final up. Then you get the correction, which is a three-wave move - down/up/down. Reverse all those terms for a bear market. This structure can be applied from the very short term (days, hours, minutes) to the very long (years, decades, centuries). It's splendidly weird. There's at least one other listmember who indulges in this secret vice, but I won't reveal his name, because it might be kind of embarrassing.
Doug