The 15 day trendiness has reached an extreme level. (See the plot above.) It is now over 0.9 (horizontal gray line). There will likely be some interruption of the straight line move up in the near future. In late February/early March 2009, the trendiness stayed elevated as the market collapsed. Are we in an equivalent panic period or will we quickly see a counter trend move?
I remember reading something that made a reference to the three week time period as being significant in terms of the human mind accepting a change. I believe that it was related to plastic surgery. Anyone know of the paper referenced, or the three week period as being significant in human psychology?
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