tag:blogger.com,1999:blog-4878316162397365683.post2426300470712536765..comments2023-11-06T06:01:49.605-05:00Comments on Principle Analysis: an Elliott Wave Blog for Forex Signals, Futures Signals and Stock Signals: Watching the Dollar, Stock Market Still SplitUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4878316162397365683.post-4290851490773138542009-11-24T16:21:12.393-05:002009-11-24T16:21:12.393-05:00Hi Dave, In my opinion the "herd" is eve...Hi Dave, In my opinion the "herd" is everyone; and includes the individuals and institutions and fund managers, etc. It's all about the collective group of all market participants. They will not always move in lock step or agree when to turn, that's where corrections and the "push-pull" of the market occur. But the overriding theme is that crowd psychology of ALL participants, illustrated with destinct waves, will ultimately prevail and move the market in the direction of the current trend.<br /><br />I think the key in addressing your question is the fact that not all participants have to move in lock step and turn on a dime together. Just like a herd of cattle, if you had to reverse a giant herd from heading north to south they sure wouldn't turn on a dime together; some would turn right around quickly, others would panic and run east, some would sit down and take a nap, etc. etc., but eventually they will all end up reversing trend and head south once the "reversing process" (or the topping process in the market) is complete. Right now we are probably in a similar "reversing process". It's a long and sometimes messy and sloppy process, hence the severe fracturing of various markets, but in the end they (stocks) will all end up heading in the same direction....SOUTH! lol.<br /><br />This is just my understanding and opinion of EWP and its application to the markets so take what I say with a grain of salt.<br /><br />Hope that helps, if not let me know so I can try to clarify.<br /><br />-ToddToddhttps://www.blogger.com/profile/13808483934573587351noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-16205121292219884912009-11-24T16:04:12.967-05:002009-11-24T16:04:12.967-05:00Thanks, Michael, you have a great holiday week as ...Thanks, Michael, you have a great holiday week as well :)<br /><br />ToddToddhttps://www.blogger.com/profile/13808483934573587351noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-63466202013380115782009-11-24T11:20:25.723-05:002009-11-24T11:20:25.723-05:00Todd - A basic question related to EWP: Since EWP ...Todd - A basic question related to EWP: Since EWP shows that investors and the market move as a "herd" based on social mood, I am wondering what the breakdown is between professional investors (Funds, etc.) and individual investors. Do you consider the professional investors to be part of "herd"?Dave427noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-66372770650523171052009-11-23T16:43:37.092-05:002009-11-23T16:43:37.092-05:00Thanks Todd, enjoy your week and do not forget to ...Thanks Todd, enjoy your week and do not forget to relax a little, you deserve it!!Michael Eckerthttps://www.blogger.com/profile/04375800887149740795noreply@blogger.com