A Tale of Two Movements

As the peaking process of Minor wave 2 up continues (Minor wave 3 down is either under way now or it will be very shortly), it has become obvious that Occupy Wall Street has indeed followed the same pattern as the Tea Party. The Tea Party - Occupy Wall Street parallel is only obvious when it is looked at from the perspective of the socionomic model.

Both the Tea Party and Occupy Wall Street were motivated by anger. The Tea Party was motivated by anger over taxes, Occupy Wall Street was motivated by anger over excessive corporate control over politics and the large gap between the top 1% and the 99%. It is important to realize that anger is one of the signature characteristics of bear markets, which is why mass protests only unfold in bear markets of Cycle degree and above.

Here are charts of the DJIA with significant events for both the Tea Party and Occupy Wall Street:

DJIA with significant Tea Party events labelled:

DJIA with significant Occupy Wall Street events labelled:

Detailed information on Wikipedia can be found for both the Tea Party and Occupy Wall Street. Notice that both movements exhibited identical patterns with social mood being the primary driver of both movements from start to end.

The Tea Party :

1 -- The Tea Party formed during Intermediate wave (5) of Primary wave [1] down.
2 -- Upon inception, Glenn Beck of FOX News was the only journalist providing news coverage of the Tea Party protests.
3 -- After forming, the Tea Party rapidly expanded with protests spreading to more and more areas of the United States.
4 -- The Tea Party protests peak just after Primary wave [1] down ended. Virtually everyone in the mainstream media was providing extensive news coverage on the Tea Party with all the journalists convinced that the Tea Party will continue expanding and impact the course of the nation.
5 -- As Intermediate waves (A) and (B) of Primary wave [2] up unfolded, Tea Party protests continued to take place across the nation. The Tea Party was losing steam over time with protests getting smaller as social mood became increasingly bullish.
6 -- Half way through Intermediate wave (C) of Primary wave [2] up, Tea Party protests and rallies stopped, but still had enough juice to win a number of seats in Congress. Christine O'Donnell, Sharron Angle, Joe Miller, Rand Paul and many others won Republican primaries, with some going on to win in November 2010.
7 -- During the last part of Intermediate wave (C), Tea Party protests stopped altogether. By the peak of Primary wave [2] up, the mainstream media became convinced that the Tea Party is a "spent force".

Occupy Wall Street:

1 -- Occupy Wall Street formed during Minute wave [v] of Minor wave 1 down.
2 -- Upon inception, Keith Olbermann of Current was the only journalist providing news coverage of the Occupy Wall Street protests.
3 -- After forming, Occupy Wall Street rapidly expended with protests expanding to more and more areas of the United States (and eventually went global).
4 -- Occupy Wall Street protests peak just after Minor wave 1 down ended. Virtually everyone in the mainstream media was providing news coverage on Occupy Wall Street with people in the mainstream media and even the academic world convinced that the protests will continue to expand and change the course of the nation.
5 -- As Minute waves [w] and [x] of Minor wave 2 up unfolded, Occupy Wall street protests continued to take place across the nation. Occupy Wall Street was losing steam with protests getting smaller and taking place in fewer cities as social mood became increasingly bullish.
6 -- Half way through Minute wave [y] of Minor wave 2 up, Occupy Wall Street protests mostly stopped, but still had enough juice left to block a number of ports on the US west coast on December 12, 2011.
7 -- During the last part of Minute wave [y], Occupy Wall Street protests stopped altogether. By the peak of Minor wave 2 up, New York City authorities became convinced that Occupy Wall street is a "spent force" as the barricades blocking Zircotti Park were removed.


Here are the Google Trends charts for both the Tea Party and Occupy Wall Street:

Tea Party :

Occupy Wall Street:

Notice that the Tea Party and Occupy Wall Street exhibit nearly identical patterns, which tell of waning interest as social mood became increasingly bullish over time.

As Minor wave 3 down is either in progress now or will be very shortly, both of the movements should be re-ignited shortly after the "Panic of 2012" takes place as the center of Minor wave 3 down is reached.