User:Pauljlamont/PrechterPoint
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The Prechter Point is the "point of change in net social mood and directional rationalization [1]." According to the Elliot wave principle the third wave is the recognition wave. More specifically, the "third of the third" wave is the exact point of the wave structure where this collective trend in the mood changes. Since social mood is the unconscious herding of
See also
Notes
- ^ Robert Prechter, The Elliottwave Theorist, January 2010
References
- Elliott Wave Theorist by Robert R. Prechter, Jr.
External links