This is a basic study of crowd psychology and its effects on markets. First published in 1970, this 1991 edition was updated by the author, who added new charts, foreword, preface and additional pages... This description may be from another edition of this product.
I came across this book in the '70s and it has been my secret weapon in the markets ever since. I was looking at it this morning because I had just recommended it to a late night symposium of investment writers. Unless this '91 edition is radically changed, Scheinman puts the all-too-human flesh back on the ugly skeleton of technical analysis. That means that underneath the drollery and abounding ironies, you are gently led to understand the war of money and emotions behind, say, a "triple top." Indeed, the Zen of Scheinman's concept is in the title.
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