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Posts Tagged ‘stock market’
Applying Elliott Wave Theory to Recent Trades
Ralph Elliott, an American market analyst, discovered the basic principles in the 1930s studying the Dow Jones Index Read the rest of this entry »
Prechter Describes The “Stunning Long-Term Elliott Wave Picture”
This seems to paint a bullish picture: the stock market was in double-digit rally mode during 43% of the total calendar days in question... Read the rest of this entry »
The Stock Market Is Patterned — Here’s Proof
Understanding how the market progresses at all degrees of trend gives you an invaluable perspective. No longer do you have to sift through the latest economic data as if they were tea leaves. You gain a condensed view of the whole panorama of essential trends in human social mood and activity, as far back as the data can take you. Read the rest of this entry »
What Can Movies Tell You About the Stock Market?
Whether horror films win Academy Awards or not, they tell an interesting story about mass psychology. Research at Elliott Wave International shows that horror films proliferate during bear markets, whereas upbeat, sweet-natured Disney movies show up during bull markets. Read the rest of this entry »
Robert Prechter on Herding and Markets’ “Irony and Paradox”
Have you ever watched a dog interact with its owner? The dog repeatedly looks at the owner, taking cues constantly. The owner is the leader, and the dog is a pack animal alert for every cue of what the owner wants it to do. Participants in the stock market are doing something similar. They constantly watch their fellows, alert for every clue of what they will do next. The difference is that there is no leader. The crowd is the perceived leader, but it comprises nothing but followers. When there is no leader to set the course, the herd cues only off itself, making the mood of the herd the only factor directing its actions. Read the rest of this entry »