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Message: I got a new book today ...

I got a new book today ...

posted on May 02, 2008 05:11PM

... called "The Master Swing Trader - Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities" by Alan Farley.

In a paragrah he summed up APH trading in a nutshell,

Emotional forces shape trends through all market conditions. New uptrends build crown enthusiasm, which attracts waves of greedy buyers. Gaming mentality overcomes good judgement as prices push higher and higher into uncharted territory. The frantic rally finally cools and the herd turns nervous. As the market rolls over, fearful selling replaces greedy excitement. Panic replaces fear, but just as pain becomes unbearable, value players jump in and end the correction. Prices start to form a bottom and a new pattern cycle springs to life.

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