A sociometer is a direct reflector of the states and trends of social mood. A gauge, if you will, of the collective social mood. There are many different types of sociometers, some better than others because the readings are much more immediate and easily quantified, such as the stock markets.
Why the stock market as a sociometer? According to Robert Prechter, the world's foremost expert of the Elliott Wave Principle and father of the new science of Socionomics, the stock market is the most immediate measure of the collective social mood, offers a preponderance of data going back several hundred years, and is easy to access and obtain. It is also easy to graph and therefore easy to observe and identify the formation of Elliott Waves.
There are many different stock markets across the globe, but for the purpose of this blog we will focus on the DJIA, S&P, and NASDAQ. As socionomics is such a new science, there is much work to be done and many studies to be performed, and up to this point most socionomic research has been done in relation to these market indexes. And as I am an American and will be making observations primarily about American culture and events, these indexes will be most appropriate.
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