Trading on Expectations: Strategies to Pinpoint Trading Ranges, Trends, and Reversals (Wiley Finance)

Discusses the seemingly non-rational behavior of individuals in the markets through an examination of economics and key risk management disasters. Draws on the participant-focused Chicago Board of Trade Market ProfileTM and the psychologically focused Contrary Opinion, the author synthesizes and modifies the best in these different methods ad skillfully creates a single model of market behavior--the Sentiment-Activity Model. Group behavior models are studied as they determine the three phases of the markets: price trends, trading ranges, and trend reversals. Combines these well-known trading indicators into a single model to help the trader identify market expectation.