Socionomics 101: Read the Mood of the Market
Fergus Hodgson, 27 April 2017 
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Humans are pack animals, and they are vulnerable to the moods of the crowd. Socionomics is the study of social action that expresses social mood or crowd psychology, so the question then is how to apply this field to financial markets.
Steven Hochberg has been doing just that for many years as the chief market analyst for Elliott Wave International. In addition to offering the basic theory or idea, in this episode he addresses many of the rebuttals and past errors of his organization.
Robert Prechter, author of The Socionomic Theory of Finance and president of Elliott Wave International, addresses the 2015 New Orleans Investment Conference. (NOIC)
Recommended Links
- The Socionomic Theory of Finance by Robert Prechter.
- Socionomics Institute.
- Elliott Wave Education.
Fergus Hodgson (@FergHodgson) is an economic consultant and Gold Newsletter‘s roving editor.
