I read the book. I think there are some valuable information and his book got me more into looking at volume. Volume is key and the chapter wind in your back can help you to have a systematic approach to the market. I tweaked and added a few things and breadth indicators I look at and like ztrade101 I used McClellan Osc. for my swing and momentum trading.
Cunparis is right, he is short the market for a long time and I never understood why he wanted to hold on to his position. In his newsletter he uses many classical indicators with his on periods and parameters settings to find reasons why the market should have been short since last year. I always felt he wanted to be right with his short position.
Nevertheless, the book is great and in his newsletter he didn't stick to his approach that he uses in the book. Like I said he really was trying to be right, a great psychological mistake. The McClellan Osc. and other breadth, sentiment, and volume analysis would have given him better timing and he would have been long and short last year.
Last edited by PandaTrader; May 14th, 2010 at 04:41 PM.
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