Forecasting financial markets: The truth behind technical analysis

by Tony Plummer

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• Format: Hardcover
• Language: English
• ISBN: 1850918198
• ISBN13: 9781850918196
• Release Date: January 1989
• Publisher: Kogan Page
• Length: 259 Pages
• Weight: 1.22 lbs.

Customer Reviews

Excellent perspectives on crowd behaviour

Whether you are an Elliot Wave fan or not, the early chapters of this book identify, in layman's language, what behavioural economists are now developing into their technical trading systems. This is a pioneering book that deserves consideration by all TAs. When we think of TA we are attempting to quantify how market participants are behaving and what they might do next. This book uniquely explains a behaviour process of a substantial portion of market participants. This book remains in my top five all time favourite trading books!

Awesome technical analysis book

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. (Disclosure: This reviewer wrote "Applying Elliott Wave Theory Profitably" and Mr. Plummer wrote the foreword to the book.)