Determining Balance Points In Crowd Psychology
by Carl Gyllenram
Balance points, the pivotal points between the swings of the bulls and the bears, turn out to be excellent ways to determine market moods and to spot breakouts from a trading range.
People have banded together in groups since prehistoric times. Originally, it was necessary for
the survival of the individual to belong to a group, tribe, or herd. If you as a solitary hunter had tried to bring down a mammoth with a wooden spear, your chances of success or even survival would have been very slim. But if you had joined with others and cooperated toward that common goal, your chances of bringing down
large animals and thus securing the survival of the tribe would have been greatly enhanced.
The desire among humans to belong to a group of likeminded individuals is as old as our existence.
To feel accepted in some sort of community contributes to a sense of security and well-being.