DOW JONES\NASDAQ - Tracking Minor Waves - Mania\FOMO Edition.

Although I mainly use the waves for my analysis I do often look at other indicators such as how people behave.

Lately I have seen some peculiar behavior.

So far my analysis appears to be heading in the right direction so let's discuss what is happening.

See related ideas below to see how we got here.

If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?