Re: Crowd behaviour is what draws the charts -- Mein erster Versuch

verfasst von dottore, 17.08.2000, 23:08

>Crowd behaviour is what draws the charts
>Sir, it was quiet refreshing to see an article on behavioural finance. Behavioural Finance essentially is the academic answer to technical analysis. It attemps to formalise behaviours based on statistics and observations of human behaviour. Technical analysis does the same thing via its chart patterns and indicators. Recall that the writings of Dow and Elliott all based their pattern analysis on how crowds reacted to price, volume and news.
>While some technical analysts would disagree, that sentiment is directly part of our field, it is clear that sentiment, crowd behaviour, as well as the underlying fundamentals, is what draws the charts, that both technical analysts behaviour-finance based analysts attempt to interpret. To me, technical analysis is the tool and behavioural finance is the theory. Both firmly reject the already and rightfully much maligned random walk theory.
>Steven W. Poser, President,
>Poser Global Market Strategies,
>123 Fawn Hill Road, Upper Saddle River, NJ 07458, US
>Leserbrief an die FT

Perfect first try, man!

Go on, we need this kind of stuff and we need you!

d.


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gesamter Thread:

• Crowd behaviour is what draws the charts -- Mein erster Versuch - Gatsby, 17.08.2000, 23:04
  • Re: Crowd behaviour is what draws the charts -- Mein erster Versuch - dottore, 17.08.2000, 23:08
    • Vielen Dank für deine freundliche Begrüßung. o.T. (owT) - Gatsby, 17.08.2000, 23:30
  • Herzlich willkommen!... - JüKü, 17.08.2000, 23:33
  • Behavioural Finance-Technical Analysis - Random Walk Theory - Das Orakel, 18.08.2000, 01:59
  • Crowd behaviour is what draws the charts - Dr.B., 18.08.2000, 10:12