Registered: 1174085546 Posts: 10
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Dave, just a quick few questions for you.
Elliott Wave is a "measurement of psychology and social mood", I believe. With that understanding, what do you make of the current "craze" for all the dark side movies, eg: vampire flicks such as the Twilight movies, and now the soon to be released new "Werewolf" movie? Is there a correlation to the craze for movies such as these, in hard economic times? Thanks for your input on this topic!
Registered: 1101777014 Posts: 4,843
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Thanks for the question Richard.
I have been wanting to write on psychological moods for a long time now, but being as complex of a subject that it is, I haven't had the time to do so. I will try to answer your specific question with more of a primer and let you and others add comment. There are basically 4 degrees of emotional social moods that can be applied to various cultural manifestations that are direct reflection of stock market activity. Being that these are cultural moods they will include everything that personifies our emotional state both as individuals and as part of the greater lemming mindset. These moods include: When the stock market is in a Rising Transition Peak Positive Mood Falling Transition Peak Negative Mood rising transition, movies will tend to be either family oriented, adventure related, and/or bad guys vs. good guys affairs. During peaks in positive moods movies are upbeat, celebrate life, and everyone is a good guy. During falling transitions we are no longer judgmental as to who's good or bad, there's a lot of symbolism, social concerns are addressed, and there are many "antiheroes". Peaks in negative moods is where we see horror films, cultism, and themes that promote a negative context. I'm sure that with the categories presented above that all of us can think specific films, both in the theater and on television, that would greatly personify the mood generated by the direction of the stock market over the last 70 years. Back in the early 1930's, for example, many featured films included the "undead" - Dracula, Frankenstein, Werewolves, and even Mummies themselves. When it came to Dracula the analogy here was of the rich "sucking the blood" of those who weren't so lucky. Subject matter later turned to historic adventure films that included wars and epic battles between good and bad. Coming around to the present, what's interesting this time around is that many of these "monster movies" include love relationships with those who of the living. Much of this started with the television series "Buffy the Vampire Slayer" which found its stride in the late 1990's and opened the door to other horror related themes with interpersonal relationships with the living (like the Mummy series in 1999 and 2001 which was again repeated at the stock market peak of 2007/2008). This in itself would greatly compliment the idea that we've been in a bear market since the 1998 top, with a higher amount of related themes during times in which the market made significant bottoms such as 2002/2003 and the current time period. So to answer your question, yes, there's a method to the madness, and it extends to many other areas that you may not have thought of...from sports to religion to music to fashion to dance and even to how we view sex, our moods are, in essence, measured by our state of wealth. Fib __________________ Dave's LinkedIn Profile Technical Watch Twitter Page Technical Watch Facebook Page "As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan "An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan "What we see depends mainly on what we look for" - John Lubbock "The eye sees only what the mind is ready to comprehend" - Henri Bergson “Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977 "You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977