New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion

by Thomas R. DeMark

Book Overview

Thomas DeMark, einer der Meister technischer Indikatoren, betritt mit diesem Buch Neuland und verfeinert den popularsten und prazisesten seiner Indikatoren, wobei er besonderen Wert auf Echtzeitanwendungen legt. Bisher unveroffentlichte Angaben zum neuen Indikator 'TD Combo' geben Ihnen ein wertvolles Hilfsmittel fur den Markt in die Hand.

• Format: Hardcover
• Language: English
• ISBN: 0471149780
• ISBN13: 9780471149781
• Release Date: July 1997
• Publisher: Wiley
• Length: 368 Pages
• Weight: 0.45 lbs.
• Dimensions: 1.1" x 7.3" x 10.4"

Customer Reviews

Tough read but well worth it

I have been trading for close to 14 years. In engineering school and law school I did it as a hobby. I became fasinated with this author's first book but had many unanawered questions and given this author's inaccessibility to anyone other than professional traders I experimented myself with trading software trying to replicate his work. This more current book answered many of my questions and allowed me to research and experiment with derivations of his work. It has expanded my trading ken significantly. Objective appraisal of this book--difficult read and requires thoughtful evaluation and very careful analysis. But if one is determined to become a successful trader who is capable of making a living in this industry, this book is a member of the library.

This is decidedly a 'market breaking' trading classic

I am a CTA, CFA, MBA, and CPA. I like to think that I am well aware of most analytical techniques and procedures. I read this book and it opened an entire new mindset and has inspired me to apply the author's trading approaches and also to take the ideas I gathered from reading this book to develop my own improvements. If it is already not the case, this book will be viewed by the investment community as a classic in years to come. This book stands 'head and shoulders' above all other market related books. By the way, I run the trading desk for one of the top three brokerage operations and have had over 22 years of experience in this industry having graduated from an ivy league undergrad and grad schools. This book provides material you will never find in university textbooks.

A valuable trading resource

I just purchased this book as a Thanksgiving gift to myself. It was recommended reading for my MTA examination and it was recommended strongly by the head trader at Goldman as well as the head technician for Morgan Stanley. Although it is difficult to grasp all the information on a first time read, my second pass has given me a deeper understanding and appreciation for the research the author has conducted. It's not intended to be s ubstitute for my decision making, rather it is a complement and if I may say so myself, it is a ingenious perspective and definitely original. It's enabled me to perfect my trading style of selling strength and buying weakness. I can tell why the author has worked with the best minds and most successful traders in the investment industry.

"must" reading for serious traders

Many years ago I resigned myself to the fact that trading is not only a serious business but also a lifestyle. I sought out and read most of the crdible books written on this subject. My detemination and bottom line evaluation is that if one is truly interested in becoming a first class researcher and trader, it is imperative that he equip himself with the best tools of the trade. This book is far superior to all others. Sure it's difficult reading and the author's staccato writing style leaves much to be desired. But the message is there to be gleaned from all the prose. Trading is serious work and being successful is not a turn-key operation. Prepare to be challenged but the fruits pof your labor, after having read this book, are enormous. I recommend this book, as well as his previous book, to all who want to learn the intricacies of the market and trading.

Challenging and excellent

This book offers a tremendous amount of information on market timing indicators with leading/predicative value as opposed to trend-following/lagging indicators. The detailed explanation of Sequential and his new indicator Combo are outstanding. Quite frankly, this book contains more ideas than I could digest the first time through, but it will be well worth the additional study. The book does review some topics from the author's previous book, but includes valuable new information on previously disclosed methods and a significant number of new methods. The only shortcoming of this book is that the author developed his methods prior to computing and his understanding of many market relationships is expressed somewhat qualitatively. Simply meaning he describes many of the indicators in words rather than equations. I would have preferred a more mathematical presentation, but that's probably because I'm an engineer. In total, the book is an excellent contribution to technical analysis. Most of the ideas presented are truly unique and not derivatives of widely used methods. The book does refer to frequently to software packages which are available containing the author's indicators. Unfortunately, this software is not included with the book, but I was able to construct almost all the indicators presented in Metastock without unreasonable difficulty.