This book will entertain and intrigue keen investors. A brilliant, original, insightful work... deserves to be read by all serious technical analysts... Highly recommended!
Many technical analysts like to forget that they live in the real world. Technical analysis is based on the idea that the patterns drawn by stock prices can be used to forecast the financial markets. The field of behavioral finance essentially looks at this psychological give and take from an academic perspective, while technical analysis is largely a real life application. Tony Plummer brilliantly bridges this gap by showing how and why these patterns develop. He also discusses his own take on Elliott Wave Theory in a cogent and interesting manner.
Forecasting Financial Markets provides a compelling insight into the psychology of trading behavior and shows how "following the herd" can have disastrous results. It demonstrates how one's ability to make money in the world's financial markets depends critically on an ability to make decisions independently of the crowd.
Tony Plummer details the three dimensions essential to achieve successful trading, including an ability to understand the forces at work in logical terms, recognize (and neutralize) any emotional responses to market fluctuations, and design an investment process or trading system that generates objective "buy" or "sell" signals.
Taking the author's latest research into account, this book provides an in-depth assessment of the phenomenon of cycles, patterns of economic and financial activity, and how to use cycles as a forecasting tool.
It provides the reader with an in-depth assessment of the phenomenon of cycles and patterns of economic and financial activity in order to make money in the world's financial markets. Guides investors in understanding the forces at work in logical terms, and in designing an investment process that generates objective 'buy' or 'sell' signals.
For treasurers and fund managers everywhere, the fifth edition of Forecasting Financial Markets should be an absolute dream. It bristles with experience and ideas.
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