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Study Guide for Technical Analysis Explained Fifth Edition, 5th Edition by Martin J. Pring

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30

INTEGRATING CONTRARY OPINION AND TECHNICAL ANALYSIS

Questions

Subjects to Be Covered

Contrary opinion defined

Personalities who have written about crowd psychology

Why it is difficult to go contrary

1. Fill in the blanks: The guiding light of investment contrarianism is not that the majority view—the conventional or received wisdom—is always wrong. Rather, it’s that the majority opinion tends to solidify into a d_____ while its basic premises begin to lose their original v_____ and so become progressively more m_____ in the marketplace.

2. As described in the text, the three steps to forming a contrary opinion might include:

A. Reading popular magazines and jotting down notes

B. Figuring out what the crowd thinks

C. Talking to your friends ...

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