The Psychology of Technical Analysis: Profiting From Crowd Behavior and the Dynamics of Price

Author: Tony Plummer
List Price: $50.00
Our Price: Click to see the latest and low price
ISBN: 1557385432
Publisher: McGraw-Hill Trade (01 September, 1993)
Sales Rank: 112,794
Average Customer Rating: 3.86 out of 5

Customer Reviews

Rating: 5 out of 5
Efficient market or the herd behavior?
Everyday, reporters and analysts produce dozens of reports about the markets and they try to forecast what will happen next. Most of the time, analyst forecasts are wrong. Market action is in the unexpected direction. The reason why the analysts are often wrong is that they use efficient market hypothesis as a method to forecast the market action. Is the market really efficient and individuals behave rationally or the herd psychology is the main reason of the price action which is following certain patterns?

Read this book.

Mr. Plummer's book handles the problem as a psychological phenomen and examines the dynamics of crowd behaviour. This book clearly describes how financial crowds integrate and disintegrate. Every crowd has a life cycle and in this cycle, the growth, maturity and decline periods follow each other. Mathematical model of the formation and disintegration periods of the bull and bear crowd life cycles, is the Fibonacci number series and this book explains the connections between the growth and decline periods.

Mr Plummer further explains Logarithmic spiral and golden ratio in detail and how they can be used to forecast the future market movements.

This book is a must-read for the financial professionals and the traders.

Rating: 1 out of 5
Harder then hell to read
Hardest to understand book on stocks to date for me. Where is my asprin :0)

Rating: 5 out of 5
The market Lives
Tony Plummer did a great job in helping me understand thisliving, breathing, and ever changing organism, the crowd/market;brevity and clairty and beautiful presentation; this book will never be outdated.

B. L.

Similar Products

Reminiscences of a Stock Operator
Trade Your Way to Financial Freedom
Come Into My Trading Room: A Complete Guide to Trading
The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities
Forecasting Financial Markets: The Psychology of Successful Investing


Book Index