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Behavioral Analysis of Markets is a new area of study, proposed by James Gregory Savoldi, closely related to behavioral finance, behavioral economics and socionomics. Unlike traditional models of behavioral analysis which typically integrate insights from psychology with neo-classical economic theory, behavioral analysts of markets focus entirely on the psychology of actual market participants and how their present moods control market price movement. Behavioral analysts are divided into two groups. One group believes that by studying current market psychology—as displayed in price action—future market psychology becomes predictable, while another group believes in limited predictability with the inevitability of occasional "Black Swan" events. Behavioral analysts of markets ignore traditional economic inputs in favor of the more empirical proof of intention through action displayed directly in market price movement. Pattern recognition and fractals play a small role in the behavioral analysts' toolkit as they use those technical analysis tools only to help predict potential market velocity as opposed to price reversals. In behavioral analysis of markets, a topping and bottoming 'count' is tracked (most similar to Elliott Wave Principle) as waves of optimism and pessimism drive price. == Tenets of Behavioral Analysis == Data output created by human reaction to greed and fear thresholds is measurable, and through these measurements future market psychology can be predicted hours, days, weeks, months, years, and even decades before actual trading takes place. Market reversals are an inevitable result of excessively bullish or bearish sentiment (greed or fear) and it’s that “emotion” that causes the majority of traders to enter positions on the same side of a market at roughly the same point in time—which in turn leads to a price reversal. Behavioral Analysis uses clues created by today's emotional responses to market behavior in order to predict future market reversals. According to the principles of behavioral analysis, events unfolding in today's financial markets are currently creating a map of the future that will be strictly followed regardless of any attempts through human intervention to change the outcome of price movement. The logic behind this assertion can be attributed to the fact that, regardless of lessons learned by previous generations, human beings seem predisposed to repeat both positive and negative behavior exhibited by past generations. In fact, it is this dynamic that spawned the popular adage "history repeats itself." Because of this assumed "law of nature," market participants' reactions to future events—although dynamic in emotional extremes—will continue to elicit greed and fear, driven by the intrinsic human desire to pursue pleasure and to avoid pain, and that in turn will result in predictable repeatable reactions in financial markets. Although these characteristics of "human nature" and their effect on traded markets are generally accepted by market participants, the ability to predict when these emotions will again surface—and the intensity with which they will move markets—is the goal of behavioral analysts. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Behavioral analysis of markets」の詳細全文を読む スポンサード リンク
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