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Search these critical turning points by the method Vaykoffa is not so much in the strict application of mathematics, but in the knowledge of the psychology of the investor. In the heart of the analysis Vaykoffa is understood that traders and investors are influenced by advice, news, rumors, income analysis, financial statements, the rates of dividends and a myriad of other sources of information. For Vaykoffa not important, encourage them to buy or sell – all the individual steps are reduced to such behavior of the market, if the fluctuations were the result of the investment operations of one man, “composite” of the investor.
Vaykoff imagined this complex investor, because he knew that there is “usually one or more major operator working for each stock. Sometimes a lot “