Markets are Fractals, Driven By Sentiment (Score 1)

"According to the Elliot Wave Principle, the first echo of a major top coincides with higher sentiment among market participants than at the initial peak." I would say this isnt 2.0 but merely an echo of the initial mania. Oddly enough, investors are usually more sure of themselves in the echo. They are also usually wrong on future prospects. http://www.safehaven.com/article-6113.htm