Stock Market Recovery - done.

[kodiakva]

In Elliott wave terms, Robert Prechter makes a strong case that the stock market recovery which began in Mar. 2009 (in wave notation is called 'Primary 2') ended last week(*). From here another downturn (Primary 3) should unfold that by percentage is at least as big as that of Oct. 2007 down to Mar. 2009 (known as Primary 1). That allows us to

Comments

[d2leddy]

Interesting. I'll get the book(s).

[kodiakva]

Elliott wave theory is a topic that's kept me interested almost daily for the last 7 years. Prechter's company, Elliott Wave International, has its website at elliottwave.com

Robert Prechter developed an associated body of work he calls 'socionomics' (not to be confused with socioeconomics). Whereas Elliot wave theory deals with quantitatively and qualitatively describing how the masses move asset prices around, socionomics deals with how the masses move everything else around -- fashion, social trends, government, politics, population growth, war, peace, etc. He has a few books published in that vein, too.