There is one question that we at Elliott Wave International get over and over again: "You were correct with your predictions of deflation. But now that it's here, why can't the government do [fill in the blank] to stop it?" There are lots of articles out there – well-written articles written by qualified authors – arguing how the government can do this or that to stop deflation. But in our opinion, they ALL miss one key point: social mood. Here's why...
On a day when the DJIA fell another 678 points to close below 8,600, it seems appropriate to talk about the herding impulse in humans. We at EWI observed decades ago that the financial markets are anything by rational. Now the mainstream media is also picking up on this fact. So why has the stock market "become a case study in the psychology of crowds"? Here's an eye-opening answer.
Announcing EWI's New eBook ...
In this exciting new 45-page eBook, Jeffrey Kennedy shows you – using fresh, real-life market examples – how you can use simple, yet powerful, chart reading techniques to improve your trading.
Download your copy today!
Club EWI Members: Click Here