: This is a model describing how the crowd reacts to new information.
: By assuming non-rational behavior, Plummer identifies an ordered world of rhythms and recurring patterns that are invisible to traditional economists. Mathematical Foundations and Cycles Tony Plummer - Forecasting Financial Markets Th...
A central theme of the book is the "herd instinct". Plummer posits that most market participants eventually become part of a collective "crowd," which leads to predictable, non-random behavior. : This is a model describing how the