strategies to pinpoint trading ranges, trends, and reversals /
First Statement of Responsibility
Brendan Moynihan.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
New York :
Name of Publisher, Distributor, etc.
J. Wiley,
Date of Publication, Distribution, etc.
1997.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
xv, 232 pages :
Other Physical Details
illustrations ;
Dimensions
24 cm
SERIES
Series Title
Wiley finance edition.
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (pages 223-227) and index.
CONTENTS NOTE
Text of Note
1. Economics -- 2. Psychology -- 3. Expectations -- 4. Sentiment -- 5. Markets -- 6. Market Activity -- 7. Long-Term Market Activity -- 8. Coherent Market Theory and the Sentiment-Activity Model -- 9. Application of the Sentiment-Activity Model -- 10. Treasury Bonds -- 11. Soybeans -- 12. Deutsche Mark -- 13. Crude Oil.
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SUMMARY OR ABSTRACT
Text of Note
Trading on Expectations explores the ideas behind the dominant schools of analysis, and shows the validity of each and demonstrates how each, albeit at different times, reflects what the market is doing. In this groundbreaking new book, Brendan Moynihan draws on his experience as a trader, analyst, and researcher to develop a method that focuses on the prime mover of prices and incorporates the strengths of the conventional methods. Drawing on the participant-focused Chicago Board of Trade Market Profile and the psychologically focused Contrary Opinion, he synthesizes and modifies the best in these different methods and skillfully creates a single model of market behavior - the Sentiment-Activity Model. Moynihan carefully describes how the combination of participants' actions and expectations about the future determines the direction of prices in the markets. This dynamic interaction between actions and expectations explains the emergence of the dominant phases of the markets: price trends, trading ranges, and trend reversals. What's more, Moynihan's unique model enables you to pinpoint the combinations of activity and sentiment that determine the three states of the market as they unfold, in time frames ranging from a single day to several weeks or months. The Sentiment-Activity Model also provides a way to determine how the market is likely to respond to various news items, explaining the apparent anomalies of price behavior in the process. To document his finding, Moynihan provides illuminating applications over a multimonth time period to four markets: Treasury bonds, soybeans, deutsche marks, and crude oil.