Description
Book SynopsisSuccessful traders know that before stepping into the wilderness ofthe speculative markets, you need a solid understanding of basicmarket behavior. But the conventional methods often fall short ofproviding this basic knowledge. Academics assert one thing,economists and fundamental analysts another, and technicianssomething altogether different. And, seemingly, none of them agreewith each other.
Trading on Expectations explores the ideas behind the dominantschools of analysis, and shows the validity of each anddemonstrates how each, albeit at different times, reflects what themarket is doing. Sometimes market prices can be predicted using theeconomists'' models; sometimes prices follow a random walk as theacademics claim; at other times price is responding to thepatterns, trendlines, and breakout levels identified bytechnicians.
In this groundbreaking new book, Brendan Moynihan draws on hisexperience as a trader, analyst, and researcher to develop a methodthat focuses
Table of ContentsEconomics.
Psychology.
Expectations.
Sentiment.
Markets.
Market Activity.
Long-Term Market Activity.
The Coherent Market Theory and the Sentiment-Activity Model.
Application of the Sentiment-Activity Model.
Treasury Bonds.
Soybeans.
Deutsche Mark.
Crude Oil.
Conclusion.
Appendix.
Notes.
Bibliography.
Index.
