Forecasting Financial Markets: The Psychology of Successful Investing, 4th Edition
Forecasting Financial Markets: The Psychology of Successful Investing, 4th Edition by Tony Plummer
2003 | ISBN: 0749439394 | English | 400 pages | PDF | 6 MB
2003 | ISBN: 0749439394 | English | 400 pages | PDF | 6 MB
In "Forecasting Financial Markets," Tony Plummer provides a compelling insight into the psychology of trading behavior and shows how the herd instinct in decision-making can have disastrous results. The ability to make money in markets depends critically on an individual's ability to make decisions independently of the crowd. To attain such independence the investor or trader must acquire the ability to:
Contents……Page 4
Foreword……Page 5
Acknowledgements……Page 7
Preface to the fourth……Page 8
Introduction……Page 10
Part One The logic of non-rational behaviour in financial markets……Page 16
1 Wholly individual or indivisibly whole……Page 18
2 Two’s a crowd……Page 24
3 The individual in the crowd……Page 34
4 The systems approach to crowd behaviour……Page 39
5 Cycles in the crowd……Page 47
6 Techniques for forecasting crowd behaviour……Page 60
Part Two The dynamics of the bull–bear cycle……Page 70
7 The stock market crowd……Page 72
8 The shape of the bull–bear cycle……Page 85
9 Energy gaps and pro-trend shocks……Page 106
10 The spiral and the golden ratio……Page 121
11 The mathematical basis of price movements……Page 138
12 The shape of things to come……Page 152
Part Three Forecasting turning points……Page 162
13 The phenomenon of cycles……Page 164
14 The threefold nature of cycles……Page 175
15 Economic cycles……Page 196
16 Recurrence in economic and financial activity……Page 212
17 Integrating the cycles……Page 227
18 Forecasting with cycles……Page 238
19 Finding cycles: a case study……Page 249
20 Price patterns in financial markets……Page 263
21 The Elliott wave principle……Page 279
22 Information shocks and corrections……Page 295
23 The confirmation of buy and sell signals……Page 317
Part Four The trader at work……Page 338
24 The psychology of fear……Page 340
25 The troubled trader1……Page 350
26 The psychology of success……Page 366
27 The mechanics of success……Page 382
28 Summary and conclusions……Page 394
Index……Page 397
Foreword……Page 5
Acknowledgements……Page 7
Preface to the fourth……Page 8
Introduction……Page 10
Part One The logic of non-rational behaviour in financial markets……Page 16
1 Wholly individual or indivisibly whole……Page 18
2 Two’s a crowd……Page 24
3 The individual in the crowd……Page 34
4 The systems approach to crowd behaviour……Page 39
5 Cycles in the crowd……Page 47
6 Techniques for forecasting crowd behaviour……Page 60
Part Two The dynamics of the bull–bear cycle……Page 70
7 The stock market crowd……Page 72
8 The shape of the bull–bear cycle……Page 85
9 Energy gaps and pro-trend shocks……Page 106
10 The spiral and the golden ratio……Page 121
11 The mathematical basis of price movements……Page 138
12 The shape of things to come……Page 152
Part Three Forecasting turning points……Page 162
13 The phenomenon of cycles……Page 164
14 The threefold nature of cycles……Page 175
15 Economic cycles……Page 196
16 Recurrence in economic and financial activity……Page 212
17 Integrating the cycles……Page 227
18 Forecasting with cycles……Page 238
19 Finding cycles: a case study……Page 249
20 Price patterns in financial markets……Page 263
21 The Elliott wave principle……Page 279
22 Information shocks and corrections……Page 295
23 The confirmation of buy and sell signals……Page 317
Part Four The trader at work……Page 338
24 The psychology of fear……Page 340
25 The troubled trader1……Page 350
26 The psychology of success……Page 366
27 The mechanics of success……Page 382
28 Summary and conclusions……Page 394
Index……Page 397