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Definition of 'Elves'
A slang term for the technical analysts who appeared on the PBS television show "Wall Street Week", which aired from 1970 to 2005. The elves attempted to predict the direction of the market in the coming months, and gained popularity due to their inability to make accurate predictions.
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Investopedia explains 'Elves'
The show's host, Louis Rukeyser, began referring to "Wall Street Week's" group of technical analysts as "elves", and called the group of technical indicators they used to forecast the market the "elves index". The market, though, seemed to always take the opposite direction of the elves index.
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Search results for 'Elves'
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http://www.investopedia.com/articles/03/052003.asp
What do elves have to do with investing? Meet the fairytale creatures running around
Wall Street. ... Elves And Gnomes: Fairy Tale Investment Terms. ...
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http://www.investopedia.com/articles/05/XmasTerms.asp
... The accuracy of the Boston snow indicator is perhaps best summed up by its nickname:
"BS indicator." Elves In contemporary tales of Santa Claus, the man in red ...
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http://www.investopedia.com/ask/answers/08/gnomes-of-zurich.asp
... For more on this topic, read Elves And Gnomes: A Fairytale World Of Investing. This
question was answered by Richard C. Wilson. by Richard Wilson. ...
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