THE SEVEN STAGES OF A BULL MARKET-Woody Dorsey
The graph shown below is from my book “Behavioral Trading,” published in 2003. The Mania phase was first ascribed to the E*Greed extreme of 2000. Everything repeats. Human Psychology is inescapable. Market Psychology and Market Phases repeat. However Psychology is not any absolute Logic. So we don’t expect the actual unfolding from the Mania phase to be obvious. Expect Denial.
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