1
/
of
1
store-traders-com
Stocks & Commodities V. 26:9 (34-41): The 21st Century Technician by Henry Hank" Pruden, PhD
Stocks & Commodities V. 26:9 (34-41): The 21st Century Technician by Henry Hank" Pruden, PhD
Regular price
$3.95 USD
Regular price
Sale price
$3.95 USD
Quantity
Couldn't load pickup availability
The 21st Century Technician by Henry Hank Pruden, PhD
A transition to a new paradigm for market analysis and action may be under way and it may be a century old.
Expect the professional technician of the 21st century to acquire many of the attributes of the Wall Street technicians and traders from 100 years ago. Pattern recognition, intuition, judgment, and a feel for markets and people will become the distinguishing attributes that the technician may cultivate in order to secure an edge in 21st-century trading.
The theme of pattern, intuition, judgment, and feel may clash with the scientific information technology approach to technical analysis that is currently in vogue. But there are reasons to believe that a transition to a new paradigm for market analysis and action is under way. Anthony Tabell and Daniel Pink are on the forefront of those who believe this.
VIEWS OF TONY TABELL
During an address to the Society for the Investigation of Recurring Events (SIRE) in the early 1990s, Tony Tabell, a third-generation technician, concluded that with the arrival of new thinking on Wall Street (for example, the rise of behavioral finance and chaos theory), the technician of the new era will hearken back to the old-time technicians who worked on Wall Street in the early part of the 20th century. Tabell went on to define several important characteristics of the old-time technicians that can be used as instructive guides for todays professional technical analyst: intuitive, deterministic, contrary, apocalyptic (Figure 1).
A transition to a new paradigm for market analysis and action may be under way and it may be a century old.
Expect the professional technician of the 21st century to acquire many of the attributes of the Wall Street technicians and traders from 100 years ago. Pattern recognition, intuition, judgment, and a feel for markets and people will become the distinguishing attributes that the technician may cultivate in order to secure an edge in 21st-century trading.
The theme of pattern, intuition, judgment, and feel may clash with the scientific information technology approach to technical analysis that is currently in vogue. But there are reasons to believe that a transition to a new paradigm for market analysis and action is under way. Anthony Tabell and Daniel Pink are on the forefront of those who believe this.
VIEWS OF TONY TABELL
During an address to the Society for the Investigation of Recurring Events (SIRE) in the early 1990s, Tony Tabell, a third-generation technician, concluded that with the arrival of new thinking on Wall Street (for example, the rise of behavioral finance and chaos theory), the technician of the new era will hearken back to the old-time technicians who worked on Wall Street in the early part of the 20th century. Tabell went on to define several important characteristics of the old-time technicians that can be used as instructive guides for todays professional technical analyst: intuitive, deterministic, contrary, apocalyptic (Figure 1).
Share
