Confessions of a Fund Manager II - a podcast by Peter Pham

In this podcast, we discuss the wave.

What is the wave?

Zero is the Wave

Waves have properties like wavelength, frequency, and speed, and we can describe them really, really accurately with equations, even without knowing what kind of substance are waves in. So these waves take their life on their own above and beyond the material. A wave can cross an ocean even though the individual water molecules are just going around in tiny circles and appear to have a life of its own.

The examination of waves is no different from looking at the rise, fall, and rise of markets. Underpinning markets is supply and demand - bid and ask. The composition of sum bids and asks within the auction market in totality are the waves or cycles you're sensing - reading the tape.

Further episodes of Sermons From the Free Market

Further podcasts by Peter Pham

Website of Peter Pham