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Monday, February 7, 2011
Fractals, Fibonacci and socionomics
In the 1930s Ralph Nelson Elliott identified repeating patterns in stock market, which he termed "waves". Robert R. Prechter Jr. linked the psychological basis of waves to humans` unconscious impulse to herd and observed that social mood governs not only finance but also areas as diverse as popular culture, economic production, electoral politics and war. He has proposed a new field called socionomics - the science of history and social prediction.
Wojtek Luciejewski,
Wojtek Luciejewski,
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