Head fake

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A head fake is a type of feint in which someone moves his or her head to fake an intended change in direction and thereby deceive opponents.[1] The term originated during discussion of strategies employed in sports, but it has become applied more broadly.

In financial markets, a head fake refers to a time when the market appears to be moving in one direction, but ends up moving in the opposite direction.[2] For example, the price of a stock may appear to move up, and all indications prior to that are that it will move up, but shortly afterward, it reverses direction and starts moving down.

In his "Last Lecture" entitled "Really Achieving Your Childhood Dreams" (at Carnegie Mellon on September 18, 2007), Randy Pausch refers extensively to "head fakes." He describes as a "head fake," for example, the phenomenon of parents encouraging their children to play football. Parents tell their children to play sports not because they really want them to become football stars, he says, but to help them develop collaboration and socializing skills. His concluding remarks during the last three or four minutes, present the final head fake of the lecture.[3]

See also[edit]

References[edit]

  1. ^ Wissel, Hal (1994). Steps to Success. ISBN 0-7360-5500-2. 
  2. ^ Fontanills, George A. (2007). Getting Started in Commodities. John Wiley and Sons. p. 202. ISBN 0-470-08949-0. 
  3. ^ Randy Pausch (September 18, 2007). "Last Lecture: Really Achieving Your Childhood Dreams" (PDF). Carniage Mellon University. Retrieved April 16, 2016.