June 2006
Beginner
352 pages
7h 6m
English
Within the trends of bull and bear markets, while the path of prices can twist and turn into a myriad of patterns, the reasons for each are all the same: fear and greed. Another way to put it would be supply and demand, but that is simply a derivative of the basic reasons why investors do what they do.
After a rally, for example, demand is used up as people have already bought. At least some will seek to lock in profits by selling, and that increases supply. Combine the two, and prices cannot help but soften, if not decline.
But at some point, depending on how fearful people are about losing money and how greedy they are about making it, demand increases and supply decreases so that prices strengthen again. ...
Read now
Unlock full access