Technical_Analysis_page_134

Technical | Analysis page 134 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 7 Sentiment 105 Colby (2003) also suggests that when a large percentage of advisors are bearish, market prices will rise. He suggests using advisory sentiment to find these periods of extreme pessimism by using an optimistically skewed decision rule. In this decision rule, investors take a…