An Updated Market Outlook by Richard J. Johnson
In today’s world, it may seem as though computer-generated trading should have removed most of the human emotion from the market, which could mean that classic wave patterns no longer apply. But that may not be the case. Here’s why.
In a postscript I wrote in 2014 to my book Finding Waves: Objectively Identifying Wave Patterns in Financial Market Data, I confidently asserted that the long bull wave from the 1932 low in the stock markets was over. The 2007 high was it for our lifetimes ...