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Plummer also has another book "Forecasting Financial
Markets" that more directly addresses EW. A worthwhile
read.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Dan
Harels
To: <A title=realtraders@xxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxx";>realtraders@xxxxxxxxxxx
Sent: Tuesday, January 16, 2001 12:21
PM
Subject: [RT] Psychology of Technical
Analysis
A book called "The Psychology of Technical Analysis" by
Plummer provides a good discussion of the propaganda war wagged by bulls
and bears which we are witnessing below. Plummer notes that bulls
and bears argue their cases until, at turning points, the majority of one
side or the other has to say "I give up, I was wrong" and a new trend
begins.Plummer also tries to tie mass psychology to the Fibonacci
sequence and Elliot Wave. Though it is not perfect, Plummer's book
provides the best theoretical justifcation for the effectiveness of
Fibonacci and Elliot Wave that I have seen. The book is worth a read
if you haven't seen it.Dan>From: "James Taylor"
<jptaylor@xxxxxxxxxxxxxxx>>Reply-To:
realtraders@xxxxxxxxxxx>To:
<realtraders@xxxxxxxxxxx>>Subject: Re: [RT] Re: The Reason for
Nasdaq's Temporary Bounce>Date: Tue, 16 Jan 2001 07:35:55
-0800>>I wouldn't go so far as to say a bull market is forming,
far from it.>>The lemmings that got their lunch eaten by this
last decline are wiped-out,>and it will take a hell of a long time for
the next batch to amass enough>money>to form another bull
market.>>We are at best, in a bear market up leg. I
wouldn't get to excited about>it, unless you>are a bear and are
waiting to pounce on the next inflection
point.>>JT>>>----- Original Message
----->From: "Carl Vanhaesendonck"
<carl.vanhaesendonck@xxxxxxxxxx>>To:
<realtraders@xxxxxxxxxxx>>Sent: Tuesday, January 16, 2001 2:48
AM>Subject: [RT] Re: The Reason for Nasdaq's Temporary
Bounce>>> > Just one comment, I made the following
observation re Nasdaq and> > Volume:> > The last months
were characterized by an inverted volume behavior> > (increase in
volume when prices decreased, and decrease in volume> > when prices
rised. From the 1st trading day this year, this has> > changed: the
volume increased increased and decreased in synch with> > price,
which would suggest a bull market is emerging.> >> > With
most indicators, like MACD, there has been not one, not 2, but a> >
triple bullish divergence, which is quite rare and also could> >
indicate the down-up trend reversal has already started.> >>
> We will see...> >> > Carl> >>
>> > --- In realtraders@xxxxxxxxxxx, DH <catapult@xxxx>
wrote:> > > > For me the evidence is building that we have a
significant bottom> > at least> > > > as good as
fall 1999.> > >> > > Further evidence, David Tice
was a holiday guest host on CNBC today> > and> > > was
answering questions from little old ladies in investment clubs> >
about> > > how to short stocks. :-)> > >>
> > --> > > Dennis> >>
>> > To unsubscribe from this group, send an email to:>
> realtraders-unsubscribe@xxxxxxxxxxx> >> >>
>>
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