In this four-part series, we reveal striking similarities between today and previous important junctures in the markets. At those times, these activities fooled the vast majority of investors. They were like lemmings, following the prevailing sentiment.
These excerpts come from The Elliott Wave Financial Forecast’s Investor Psychology section. Each issue of EWFF includes this section, to set the stage before presenting forecasts for the US markets.
We hope it helps you see what’s going on and stay alert.
Investor psychology never changes, so price patterns of financial markets repeat themselves at all degrees of trend. This is relevant to what’s going on now with gold. Take a look at these two historic gold charts...