This book explains how emotions drive the financial markets and demonstrates how technical indicators can be used to forecast market turning points. This edition includes a trading system and provides practical advice on how to profit from changes in crowd psychology. Specific topics include: The ``logic'' of the crowd; Techniques for forecasting crowd behavior; The mathematical basis of price movements; Price patterns at turning points; The mechanics of trading success.
Preface to Second Edition
Introduction
Part I : The Logic of Non-Rational Behaviour in Crowds
Chapter 1. : Wholly Individual or Indivisibly Whole
Chapter 2. : Two’s a Crowd
Chapter 3. : The Individual in the Crowd
Chapter 4. : The Systems Approach to Crowd Behaviour
Chapter 5. : Cycles in the Crowd
Chapter 6. : Techniques for Forecasting Crowd Behaviour
Part II : The Dynamics of the Bull/Bear Cycle
Chapter 7. : The Stock Market Crowd
Chapter 8. : The Shape of the Bull/Bear Cycle
Chapter 9. : The Spiral and the Golden Ratio
Chapter 10. : The Mathematical Basis of Price Movements
Chapter 11. : The Shape of Price Movements
Part III : Forecasting Turning Points
Chapter 12. : Price Patterns at Turning Points
Chapter 13. : Price Patterns in Traditional Technical Analysis
Chapter 14. : Price Patterns During Trends
Chapter 15. : The Elliott Wave Principle
Chapter 16. : The Confirmation of Buy and Sell Signals
Chapter 17. : Natural Reversal Points
Chapter 18. : The Use of Time Cycle Analysis
Chapter 19. : The Evidence for Time Cycles
Part IV : The Trader at Work
Chapter 20. : The Psychology of Fear
Chapter 21. : The Psychology of Success
Chapter 22. : The Mechanics of Success
Chapter 23. : Summary and Conclusion
Appendices
1 : The Theories of W.D. Gann
2 : Cycles in the UK Gilt-Edged Market
Index
