quote:
Originally posted by ageka
The theory comes from Elliot who founded Elliot Ewave analyses
The mood of a society is reflected in its way of dressing
Short hemlines means everything is just fine and we should not worry
It is related to the Kondratiev cycle and we are heading into winter they say 
Yes! And it's the exact opposite of what we've been told. Events, according to Elliot Wave theory have no effect on peoples' mood or actions. It's peoples' mood that cause actions/events. Rising hem-lines are more daring--at least back in their day--so the daring mood extends to the stockmarket, according to EWT. I can tell you this, at the top of the stock market 1999-2000 bungee jumping was all the rage in this country. Now it's "like so 90's."
Robert Prechter has been carrying Elliot's banner now since the 70's and I have 4 of his books including Conquer the Crash. Supposedly we're going into wave 4 of the Grand Super Cycle, which, if correct might be more like heading into a ice age than a winter.
Hey CoinNut good to see you again!
Edited by longnine009
02/26/2006 6:54 pm