Contrarian Thought by John Blasic
ARTICLE SYNOPSIS ...Contrarian Thought by John Blasic
As a rule of thumb, the crowd is always wrong at the top or at the bottom, but how does one gain insight into what the crowd is doing? John Blasic discusses some basics of measuring crowd psychology and using it in contrarian strategy.
Contrary thinking is an art form that should be included in every technician's arsenal. It is a single
concept that comprises many individual parts. Contrary analysis studies market extremes as a form of
psychological analysis, emphasizing the principle that whenever the crowd agrees on anything, they must
be wrong. How can tr...