Daily Archives: February 13, 2022

The Market Manifesto essays …

I post my per­son­al writ­ings here. I am Ted Hearne, a trad­er and writer cur­rent­ly liv­ing in the Unit­ed States. Every­thing here is per­son­al, not col­lec­tive, thus these writ­ings, opin­ions, rumi­na­tions and thoughts are my own. I write most­ly for my own amuse­ment, but hap­py to share with you if you would like to explore […]

The Direction of the Crowd

We speak here of how the crowd seeks direc­tion. And we speak of seek­ing direc­tion when direc­tion is not appar­ent. When the mar­ket is in con­ges­tion, we know that direc­tion is uncer­tain. That is what con­ges­tion is, a weav­ing back and forth between upper and low­er lim­its, with the ulti­mate exit direc­tion from those lim­its […]