Hi guys,
I have just completed reading "Master The Markets" by Tom Williams which teach Volume Spread Analysis. In that concept, he frequently uses terms like "markup" and "markdown". I know that markup means prices is increased, and markdown means price decreases.
But what exactly is the psychology behind this? How does the professional operator (a.k.a. Smart Money ) exactly go about it?
Thanks,
-Bunny.
I have just completed reading "Master The Markets" by Tom Williams which teach Volume Spread Analysis. In that concept, he frequently uses terms like "markup" and "markdown". I know that markup means prices is increased, and markdown means price decreases.
But what exactly is the psychology behind this? How does the professional operator (a.k.a. Smart Money ) exactly go about it?
Thanks,
-Bunny.