Abraham Lincoln was careful about what he wrote. But it was his duel of 1842 with James Shields that really brought that cautious change. Dueling was a normal practice to challenge and sort out differences. Lincoln apologized and managed to avoid a potential disaster. America could have lost its president to a duel.
The economics Nobel laureates have sought an implicit order and efficiency in Time.
Economics is at the soul of everything including big-ticket sports. Now that football is the number 1 sport in the world, the growth might look obvious. But it has taken more than a few decades for football to attain this cult. Was it chance that we reached here to a 1 billion audience, was it smart visionaries that made it happen or was it social behavior?
The 1980s high was 150, talking about a 200 dollar target is much beyond the euro-dollar parity. What could be a few reasons a target beyond previous high at 150 may start assuming some probability? First: Dollar Index has made average 15-year cycles starting 1970’s. A bottoming cycle in 2008 at least suggests multiyear strength well into 2012. Second, Oscillators have made a multiyear non-confirmation of more than a decade. Non-confirmations of such large time frames could validate the time cycle case. Third: The formation from 1985 looks more like a completing corrective than a trend. This means even if we assume an ongoing counter-trend, prices could reach back to previous highs at 150.
Classifying social mood and labeling it with wave counts is still an expertise, especially if you are new to Elliott Waves. Though Socionomics experts defined and developed an essential treatise on social behavior, quantification of Socionomics (the study of human social behavior) — like behavioral finance — isn’t easy.
Earthquake science can be used in markets because of time fractals