2/28/2014 – The month of February ended with a complete change in the PDF display graphs, which I think will greatly improve the visual quality of the information being displayed.
Some updates on the site as of Today:
The Bubble Index has been run on all S&P 500 stocks and 19 currencies! Try it now.
The next goal is to code the automatic grab of daily data and update the index values for daily updates.
Perhaps a connection between these ideas? This quote from Wikipedia’s page on commodity fetishism triggered a curiosity:
The value of a commodity originates from the human being’s intellectual and perceptual capacity to consciously (subjectively) ascribe a relative value (importance) to a commodity, the goods and services manufactured by the labour of a worker. Therefore, in the course of the economic transactions (buying and selling) that constitute market exchange, people ascribe subjective values to the commodities (goods and services), which the buyers and the sellers then perceive as objective values, the market-exchange prices that people will pay for the commodities.
Read here for more information on commodity fetishism. I saw Dr. Rodrigue’s plot while reading more about Karl Marx’s commodity fetishism on Wikipedia. Dr. Jean-Paul Rodrigue’s blog (where there is commentary on market bubbles) contains the following graphic:
There are many ideas in my mind after reading and thinking about the connections between commodity fetishism, bubbles, and Elliott Waves. In addition, the plot of bubble phases by Dr. Rodrigue’s has a clear connection with the 5 wave impulse and 3 wave correction. I need to think more about some of these ideas and formulate some clearly written ideas.
The stock of Tesla Motor Company (TSLA) seems to be undergoing some interesting price action. Visually, it looks like a 5 wave Elliott impulse. The Bubble Index has been doing some interesting things. First, 153 and 256 day index predicted the top of the 3rd wave. It now appears that the 336 and 512 day index is predicting the end of the fifth wave.
I find the ideas of Elliott and Prechter to be of extreme importance in understanding large scale social networks of humans. The idea of Elliott Waves, their numbering and theory are convincing as evidence suggests in the charts and data of financial history. I would not be surprised if further research into the physics, math, biology, and dynamics of massive human networks reached the conclusion that Elliott Waves are the result of a fundamental physical process governed by mathematical relationships inherent in human networks.
Perhaps the paper by Viktor Zharkov Mikhailovich, entitled Multiagent’s model of stock market with p-adic description of prices is such an answer.
There are now about 400 stocks updated to January 3, 2014. Go here to download the graphs. The goal of 500 should be reached by Feb. 15.
There are now about 300 stocks updated to January 3, 2014. Go here to download the graphs.
All bubble indices in the Index category have been updated to 2014-01-08. Just go to the site and click Try It.
I spent the last few weeks developing a new website with Play Framework. Hosted by Red Hat via Openshift, The Bubble Index now allows anyone to download the most recent PDF on various indices, stocks, currencies, and commodities. However, only about fifty PDF files are published on the website as of January 7th; most are a few months old. I now have all the daily data in the correct format (thanks to the yahoo RUBY GEM and lots of BASH scripts) to be ran through The Bubble Index application. In the next few weeks, I should be able to upload a Bubble Index for all the S&P 500 stocks.
The goal of the site is to host all 500 S&P stocks, 15 major indices, 10 currencies and 10 commodities; which are all updated at least once a week.
