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The Foundation for the Study of Cycles has constructed price data
back into the sound and honest - money, gold and silver standards of
the 18th century.
Glenn Neely includes one or two charts of this data in the back of
his book, "Mastering Elliott Wave". As far as Elliott is concerned it
is all wave I and II. As you may know, Neely emphasizes the structure
or personality of waves, which produces numerous irregularities,
often treated impulsively, rather than the corrections, he
illustrates, they are.
Elliott did mention the subject, however obliquely, when he
attributed large price expansions of volatility to "inflation".
As far as I know, this subject has never been explored, in
conjunction with Elliott Wave counting, other than in private
communication.
M.R.
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