In the following chart, you can see a relationship between The Bubble Index and Elliott Waves. The Elliott Wave Count is from the ELLIOTT WAVE lives on; the blog of Anthony Caldaro. His charts can be found here.
The Bubble Index 1764 days tends to peak with Intermediate waves i, iii, and iv; while The Bubble Index 1260 days tends to peak with Major waves 1, 3, and 5.
Supercycle: Light Blue
Blue: Primary
Black: Major
Intermediate: Purple
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.