Behavioral Finance | NOV 2017
Life Cycle Model Of Crowd Behavior
Editor's note: On occasion of the recent passing of Henry "Hank" Pruden, who was a longtime industry associate, a dedicated teacher of technical analysis, and a past contributor to this magazine, we are presenting an article from our archives that he had written for our January 1999 issue on a timeless topic in behavioral finance - crowd behavior. Behavioral finance adherents believe that markets reflect the thoughts, emotions, and actions of real people as opposed to the idealized economic investor that underlies the efficient market hypothesis. Here, the application of technical analysis within the framework of behavioral finance is consider
by Henry O. Pruden, Ph.D.
Technical Analysis of STOCKS & COMMODITIES
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