Core Viewpoint - The article discusses the cyclical nature of stock market patterns, particularly in the context of PCB (Printed Circuit Board) stocks, and highlights the importance of recognizing leading stocks and pivot points for investment decisions [1][2][5]. Group 1: Market Trends and Signals - The PCB market trend can be initially sensed through the performance of two drilling equipment stocks, with a pivotal signal emerging last Monday, followed by collective movement on Tuesday [1]. - Leading stocks exhibit clear trajectories and signals, which aids in decision-making and reduces cognitive load for investors [2][3]. Group 2: Historical Insights from Livermore - Livermore's trading philosophy emphasizes the recurrence of certain patterns, particularly the phenomenon of volume reversal following extreme low volume, which often coincides with the breakout of minimum resistance levels [5]. - Despite his lack of formal education, Livermore developed a day trading model based on price records, achieving significant early success, but faced challenges on Wall Street due to delays in price quotes [5]. - Livermore's eventual failures were attributed to ignoring technical analysis and succumbing to narrative-driven decisions, leading to significant financial losses [6]. Group 3: Personal Struggles and Legacy - Livermore's financial downfall was compounded by personal issues, including extravagant spending and emotional turmoil, which ultimately affected his trading decisions and risk management [6]. - His suicide is framed as a choice of a strong individual rather than a sign of weakness, drawing parallels to other notable figures who faced existential crises [7]. - Despite his struggles, Livermore left behind a considerable amount of cash and assets, indicating that his trading career had its successes [6][7].