Tuesday Sept 29, 2015
Ralph Nelson Elliott was an accountant by trade. During an protracted illness he began studying patters of stock market behavior. He concluded that mass human behavior occurred in a three steps forward, interrupted by two steps backward. He used his own name to term this the Elliott Wave Principle.
Use this link to learn about the Elliott Wave Principle.
Robert Prechter Jr. is a Harvard graduate with a degree in psychology. He began his career working under Bob Farrell at Merrill Lynch in the 1970s. He began reading about R N Elliott's theories. This led to publication of a book explains the Elliott Wave Principle.
Bob Prechter then expanded on the idea by applying the wave theory to the broader idea of human behavior. He terms this concept Socionomics. This was a cover story in Barrons back in the 1980s. It led to creation of the Socionomics Institute, a monthly publication, and an annual conference.
President Matson's official Inauguration will be Saturday October 10. She has arranged a week of academic and social actives in advance of the event. This next Tuesday October 6 at the Main Auditorium I will be speaking on how social mood drives accounting . Business presentations are from 9 00 - 10 20 Am, I will be speaking at 10 00. The spotlight presentations are necessarily short at 15 minutes.
This past June I made a longer presentation at the Institute in Gainesville, GA. Bob commented that I had exceed his expectations. IO became the first person placed on the program as a presenter at the April 2016 Conference.
Social mood is internally generated, not caused by external events. This is clear in the way the stock market is breaking down. The Transport Index topped last November well before the final tops this past summer. Social mood follows the Elliott Wave Pattern in a five step fashion.
All of this is on display at my Market Perspective blog. We will be demonstrating this in class as it is a repeat of the 2007-2008 meltdown.
The collapse of the stock market is already underway with much more excitement to follow. Most observers will say there was no way to see this coming. That is hardly the case and with the Market Perspective Blog you will have a front row seat to know what to expect.
http://www.themarketperspective.com
I suggest you take advantage of this rare opportunity.
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