Gary Edwin Anderson

The Janus Factor (eBook, ePUB)

Trend Follower's Guide to Market Dialectics

• Format: ePub

Produktbeschreibung

Tap into feedback loops to unravel market trends and discover profitable trading opportunities The Janus Factor presents an innovative theory that describes how feedback loops determine market behavior. The book clearly shows how the theory can be applied to make trading more profitable. The metaphor of the two-faced god Janus is used to reflect alternating market environments, one dominated by trend followers and the other by contrarian bargain hunters. In this book, author Gary Anderson puts forth a systematic view of how positive and negative feedback drive capital flows in the stock market and how those flows tend to favor either sector leaders or sector laggards at different times. * Discusses how to find better performing stocks * Outlines when and how to use momentum strategies for big profits * Addresses when and how to use contrarian strategies * Gary Anderson is the winner of the 2003 Charles H. Dow Award, presented by the Market Technicians Association Intellectually challenging and highly practical, The Janus Factor offers insight into market behavior and new methods for capturing stock market trends.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 192
• Erscheinungstermin: 19. November 2012
• Englisch
• ISBN-13: 9781118236000
• Artikelnr.: 37344751

Autorenporträt

GARY EDWIN ANDERSON is a principal of Anderson & Loe, providing stock market consulting and advisory services to an international clientele of professional asset managers, including banks, mutual funds, hedge funds, and financial advisors. A well-known technical analyst, Anderson won the 2003 Charles H. Dow Award from the Market Technicians Association for his paper on feedback loops in the stock market. Anderson's work has been featured in Barron's, and he has been published in Technical Analysis of Stocks & Commodities. In addition, he publishes a weekly commentary, Equity Portfolio Manager, and is the primary author of Trader's Boot Camp (tradersbootcamp.com), an online educational service.

Inhaltsangabe

The Janus Factor vii Introduction xiii Acknowledgments xv CHAPTER 1
Foundations 1 Serendipity 2 The Data Set 5 Reasons and Causes 6 Befuddled 7
Which Way Is Up? 9 CHAPTER 2 The Assignment 13 Measuring Risk: Offense and
Defense 14 Picturing Offense and Defense 17 The Benchmark Equivalence Line
(BEL) 19 The Trend of Relative Performance 22 CHAPTER 3 Feedback and
Capital Flow 27 Feedback 28 Feedback and Capital Flow 31 Calculating
Relative Strength 37 The Relative Strength Spread 39 Trend Followers and
Contrarians 41 CHAPTER 4 The Janus Factor 45 Structure and Entropy 46
Confidence 47 Is the Market Predictable? 48 Balancing Acts and Paradigm
Shifts 54 CHAPTER 5 Seasons of Success 57 The Venturi Effect 58 The
Relative Strength Spread and the Performance Spread 61 Group Studies 68
CHAPTER 6 Why Jesse Went Broke 71 The Cotton King 74 1911-1914 75 The Final
Years 80 CHAPTER 7 Sheep Dogs and Other Contrarians 83 The Sheep Dog Effect
85 A Contrarian Hedge? 87 The Contrarian Rebound 88 The Contrarian Collapse
92 CHAPTER 8 Situational Awareness 99 Bielema's Choice 101 The Bet 106 Let
Us Calculate! 109 CHAPTER 9 The Direction of Momentum 115 Relative Momentum
117 Relative Momentum versus Relative Strength 123 CHAPTER 10 Long
Strategies 127 The Critical Moving Average 127 The DOM Strategy 129
Contrarian Threats 130 A Defensive Long Strategy 133 It's a Bull Market,
You Know 135 CHAPTER 11 The Complete Strategy 137 Combined Long and Short
Strategies 139 The Model Portfolio 141 Execution 143 Appendix 149 About the
Author 163 Index 165

Rezensionen

"The Janus Factor is an entertaining and learned discourse on the stock market. Anderson's explanations of complex subjects, such as entropy and feedback, are superb, and his Janus method introduces many intriguing concepts that he tests for improved profit performance. It's an excellent, well-written, and informative book that ends with specific methods to help you manage your portfolio. You won't be able to put it down."--Charlie Kirkpatrick, co-author of Technical Analysis and author of Beat the Market

"For the past 30 years computers have aided the masses to push a button to become hopeful experts in technical analysis of investment markets. This powerful software revolution has almost single handedly replaced original thinking and innovation in the field of market analysis. I have followed Gary's unique and insightful work for many years. In The Janus Factor Gary describes in wonderful detail his methodology which can be found nowhere else. This work is a one of a kind lesson on what drives markets and profits."--Peter Mauthe, Chief Implementation Officer, Mauldin Companies