The Mathematics of Technical Analysis: Applying Statistics to Trading Stocks, Options and Futures

Book Description

The Mathematics of Technical Analysis by Clifford J. Sherry and Jason W. Sherry promises to revolutionize how we think about the markets. In this ground-breaking work, the authors challenge the random walk hypothesis – the idea that there is neither rhyme nor reason to the markets. This far-reaching text describes a series of simple but statistically rigorous methods for analyzing time series. Originally developed to study information processing in the nervous system, they have been modified to analyze economically important time series. These statistical techniques allow traders to determine if a time series is stationary/non-stationary, independent/dependent, and/or random/non-random. These statistical questions are vital for traders because if a time series is non-stationary, independent, and random, it is unlikely that any analysis method, technical or fundamental, will work because the underlying rules that generate the time series change from time to time without warning. However, if a time series is stationary, dependent and non-random, the underlying rules generating prices demonstrate a consistency that will allow analysts to identify low risk/high reward trades.

Customer Reviews:

Serious misunderstandings and outright errors.......2007-01-12

I am a professional trader, have an MBA from a major business school, and a decent amount of Finance PhD coursework, so I do know a bit of what I'm talking about. This is one of the worst trading books I have seen. It presents extremely simple time-series analysis, using methods the author developed in some cases (and mis-applied from existing techniques in other cases). The problem is, the math and tools to do these analysis already exists and is implemented in every statistical software available.

If you need more proof of this author's misunderstanding, turn to the last chapter where he discusses portfolio theory. You would think someone writing a book on stats would understand this, but he makes a fundamental error that no one who ever took a single finance class could make: He claims that "Beta-type risk" (market risk) can be reduced by holding a diversified portfolio if the correlations are negative!! This is absolutely wrong on two fronts -- Beta risk is specifically non-diversifiable (and to reduce company-specific risk the correlations just need to be less than 1, not negative). This is one example of the many many errors in this book.

One of the authors is an "investment advisor for Morgan Stanley"?! I wonder how that is working out...

Sherry's book is thorough!!.......2003-08-12

Sherry's book provides a series of screening tools that you should apply to your historical data, such as prices, price changes, or volume. If your data passes these tests, then it is much more likely that your technical tools will work effectively and lead to profitable trades. Get an autographed copy of this book and an opportunity to discuss the tools with the author for up to 1 hour as listed on Ebay.

It is more like a draft than a serious book.......2003-02-22

Books which teach trade-methodology never give you any real result. They will show you some successful examples but never tell you what is the real chance of their systems. So you can learn different kinds of trading systems from those books but you can not do any real comparison for them. I have bought the Sherry's book with the hope that I can learn some analysis for real results. I was dissapointed. It is not difficult to understand the math in the book if you have college degree. However, there is not sufficient discussion on connecting probability/statistic theory to financial market.

Book Description

Improving organizational productivity is an important current and future issue. The improvement can be effected by changing technology, or by changing the way in which people work. The concern of this work is how to structure work so that people can and will want to maximize their productivity using a special approach to measurement and improvement of organizational productivity defined by the author - ProMES (Productivity Measurement and Enchancement System). ProMES is a way of motivating people to maximize their productivity. This book describes a series of cases where ProMES was applied to improve productivity in service and manufacturing organizations in a variety of different organizations in different countries. Results indicate very large increases in productivity, much larger than those typically found. Lessons learned from these cases for future productivity improvement efforts are summarized.

Productivity Measurement and Improvement: Organizational Case Studies

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Productivity Measurement and Improvement: Organizational Case Studies
Editor-Robert D. Pritchard
Manufacturer: Praeger Publishers
ProductGroup: Book
Binding: Paperback
ASIN: B000ORD1SC

Customer Reviews:

A Rhino Comes To America.......2000-04-02

Cute book about a rhioceros which comes to America because its the only one left of its kind. Also teaches you a lot about that specific spieces of rhino.

Book Description

Do we live in a classless society? Is America the model of such a society? How does class influence our political beliefs or dictate our social identity? Social Class in America and Britain is the first introductory textbook to combine a clear, comparative study of social class with the latest research. Addressing all the current debates about the demise of social class in Britain and the US, it reflects topical concerns and demonstrates the continued importance of class in the shaping of people's lives, and their socio-political attitudes and behaviour.

Current Topics in Chinese Science: Section E:Astronomy (Current Topics in Chinese Science)

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Current Topics in Chinese Science: Section E:Astronomy (Current Topics in Chinese Science)
Gordon and Breach Publishers
Manufacturer: Routledge
ProductGroup: Book
Binding: Hardcover

Astronomy | Astronomy | Science | Subjects | Books

General | Science | Subjects | Books

Current Topics in Chinese Science: Section E: Astronomy

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Current Topics in Chinese Science: Section E: Astronomy

Manufacturer: M.E. Sharpe
ProductGroup: Book
Binding: Paperback

Astronomy | Astronomy | Science | Subjects | Books

General | Science | Subjects | Books

Book Description

A Special Publication of the Society of Environmental Toxicology and Chemistry (SETAC) Aquatic Mesocosm Studies in Ecological Risk Assessment discusses the methods currently used for conducting simulated field studies and provides a series of case histories in which mesocosm type studies have been used to assess the impact of pesticides on aquatic ecosystems. Specific chapters address the dosing and exposure components of such studies and how they influence experimental design. Advantages and disadvantages of various statistical designs are addressed in detail. Regulatory aspects of the design and interpretation of these studies are also covered. The book will be a superb reference for aquatic biologists, ecologists, toxicologists, environmental toxicologists, environmental chemists, and regulatory personnel.

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awesome

the very best of its kind

The Orvis Guide To Reading Trout Streams (Orvis)
Tom Rosenbauer
Manufacturer: The Lyons Press
ProductGroup: Book
Binding: Paperback

General | Fishing | Hunting & Fishing | Outdoors & Nature | Subjects | Books
General | Sports | Subjects | Books
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The Orvis Guide to Prospecting For Trout (Orvis)

The Orvis Pocket Guide to Nymphing Techniques: Flies, Indicators, and Strategies

Handbook Of Hatches: Introductory Guide to the Foods Trout Eat & the Most Effective Flies to Match Them

The Orvis Ultimate Book of Fly Fishing: Secrets from the Orvis Experts (Orvis)

The Orvis Pocket Guide to Dry-Fly Fishing: A Detailed Field Guide to Casting, Strategies, Fly Selection, and Presentation

ASIN: 1558219331

Book Description

A complete guide to where trout live and feed in a stream, graced with dozens of helpful schematic drawings and more than seventy-five revealing photographs.

Customer Reviews:

awesome.......2007-01-28

If you want to learn from one of the best, jump all over Tom's books. Any book you pick will be loaded with info. Tom will tell you just how its done.

the very best of its kind.......2004-08-13

rosenbauer's books are, in my opinion, the very best introductory and intermediate fly fishing books available. this particular book about reading trout streams is an absolulte gem; we learn about different water types, the needs of trout, the relationship between water type and insect activity, etc.

everyone needs to learn to cast, tie knots and identify basic kinds of trout foods; this book will help any fly fisherman better understand where in the water the trout actually hold, how flows and other seasonal changes affect trout habitat, and will eliminate some of the time that we all waste fishing 'dead water.' an excellent read and even better teaching material.

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Reading Trout Streams: The Orvis Guide
Tom Rosenbauer
Manufacturer: Lyons Pr
ProductGroup: Book
Binding: Hardcover

General | Sports | Subjects | Books
Similar Items:

PROSPECTING FOR TROUT (An Orvis Guide)

ASIN: 0941130770

The Orvis Guide to Reading Trout Streams, Revised (Orvis)

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The Orvis Guide to Reading Trout Streams, Revised (Orvis)
Tom Rosenbauer
Manufacturer: The Lyons Press
ProductGroup: Book
Binding: Paperback

General | Sports | Subjects | Books
Similar Items:

ASIN: 1592283152

Book Description

The Orvis Guide to Reading Trout Streams is the complete guide to finding where trout are located in a stream. It teaches the reader how to predict where trout will be, and how to cast effectively and wade confidently without spooking trout into cover. Chapters include information on currents, rocks, pools, riffles, flats, pocket water, seasonal and daily changes, differences among species and between big and little rivers, and more.

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Arco the Performing Arts Major's College Guide (Performing Arts Major's College Guide)
Carole J. Everett
Manufacturer: ARCO
ProductGroup: Book
Binding: Paperback
ASIN: B000O8Z58A

Book Description

The hottest thing in winter sports today is snowshoeing. It offers a great cardiovascular work-out for people of every age and fitness level. It's a low-impact sport, much simpler and safer than skiing. And modern aluminum snowshoes (the wood-and-moosehide models have been retired) are inexpensive, lightweight, sturdy, and look cool.

In The Snowshoe Experience Claire Walter acts as a kind of snowshoeing personal trainer, showing novices how to get maximum enjoyment out of an ancient wintertime activity that has become today's coolest cold-weather sport.

This is an activity kids, adults, and even seniors can do. Athletes will find it is a great way to stay in shape during the winter months. Couch potatoes will find that this is a fun activity that will lure them outside. And kids really love it. Snowshoeing is truly a sport for everyone.

Walter insists that if you can walk, you can snowshoe. Walter takes you, step-by-step, through the basics so you'll feel at ease--whether you are tramping across an open meadow or an urban park. And if you want to kick it up a couple notches, Walter discusses hiking in snowshoes, running in snowshoes (she supplies a list of places where you can find snowshoe races), and back-country adventures with snowshoes--including winter camping.

Whether you want a quiet walk across the snow, something with more of an adrenaline rush, or anything in between, The Snowshoe Experience is the one book that helps you do it all.

Amazon.com

Lots of books have been written about how to do business on the Internet, but few can match the understanding and passion for making e-commerce work of Patricia Seybold's Customers.com. Drawing on case studies of companies and organizations as diverse as Boeing, Babson College, National Semiconductor, Hertz, PhotoDisc, and Wells Fargo, Seybold identifies what makes e-commerce work successfully. She argues that any e-commerce initiative has to begin with the customer. She writes:

In the electronic commerce world, knowing who your customers are and making sure you have the products and services they want becomes even more imperative than it is in the "real" world.... The corner grocery needs only to approximate what customers really want because the convenience factor brings in the business. But when you eliminate this advantage--when customers can go anywhere to get what they want--you'd better know what they're looking for.

The first section of the book outlines five steps aimed at any organization grappling with the challenge of doing e-commerce right. The final section offers a technology roadmap and suggestions for getting e-commerce initiatives off the ground. But the heart of the book is the 16 case studies of companies that have successfully embraced e-business and e-commerce. Each is well researched, and includes an executive summary and "take-aways" about what each firm did right. If you're looking to develop your business online, this book belongs on your desk, not your bookshelf. Highly recommended. --Harry C. Edwards

Book Description

Patricia Seybold is one of the few people with the credentials and experience to write the one book on electronic commerce everyone in business must read. Seybold has advised major companies not only on the technical requirements for a successful electronic commerce strategy, but also on the management, marketing, sales, and customer support systems necessary to create an infra-structure that seamlessly blends a company's e-commerce initiative with its overall business.

It all starts with customers. For the past several years, Seybold has been working with electronic commerce pioneers who have made life easier for their customers by figuring out what they want and designing their Internet strategy accordingly. Seybold's guide is packed with insights on how both Fortune 500 giants and smaller companies have created e-commerce initiatives that place them well ahead of their competitors. Some examples:

National Semiconductor made huge improvements to its bottom line by targeting the right customers (not always the ones who make the final buying decision) on its Web site.

Hertz coordinated its e-commerce strategy with its entire business so that it is now head and shoulders above its competitors in owning the customer's total experience.

The National Science Foundation streamlined its customers' business processes by involving all stakeholders in the development of its Web strategy.

Wells Fargo provides its customer sales and service representatives with a 360-degree view of its customers, providing one-stop shopping via the Web and making its on-line banking services the fastest-
growing part of the company.

iPrint transformed a commodity business by using the Web to let customers help themselves in designing the end product exactly as they want it.

Boeing designed its Web site to help customers do their jobs more effectively.

Dow Jones delivered personalized service with its electronic version of The Wall Street Journal, showing that customers will pay for information of value on the Internet.

Tripod grew from a start-up to a company with over a million members by fostering a vibrant on-line community.

With additional in-depth examples from American Airlines, Amazon.com, Babson College, Bell Atlantic, Dell Computer, PhotoDisc, General Motors, and Cisco Systems, Customers.com is an exceptionally rich source of ideas and information: the one book you need to stay in business in the rapidly changing era of electronic commerce.

Customer Reviews:

A good read.......2006-01-27

The authors of this book ask the question, "Are you doing business on the Web? Or are you just on the Web?" According to the author, technology consultant Patricia Seybold, most companies have web sites that give some information about their company and their products. Today, customers are demanding much more from websites, they expect to be able to purchase on line, interact electronically, and be part of a community in cyberspace.

The main point of the book is to show companies that if they meet these expectations, they will grow. In order to achieve this growth, companies need to evaluate their customers. Specifically, they need to start with the basic question of who exactly are their end customers. What to these end customers want? What do these end customers expect from the company?

Once these questions are answered, it is important to develop the electronic structure that will serve the needs of the customers. Create a web site that not only has the basic information on the company and the product, but allows the customer to shop, order, purchase, and track delivery. Companies need to capture personal information by ensuring customers fill out an on-line profile. By collecting these profiles, it will help answer the previous questions and allow the company to better anticipate the needs of its customers.

The author also argues for designing or redesigning business processes from the outside in, specifically organized around your end customers, not around the products and services. The inside-out model, the one designed around products and services, will not work in today's e-commerce, according to the author.

Further advice includes making it easy for consumers to do business with the company, and they will help themselves to want they need. This will empower customers to make choices, thus they will have reasons to keep coming back. The author uses numerous examples to demonstrate how this is more difficult than it sounds. By reading about these companies' experiences combined with the solid advice offered, the reader will be taking the first steps to developing an effective e-business strategy.

Self Helped, jobs done excellent, decreased time waste.......2004-11-12

Target the Right Customers
1. Focus your electronic commerce efforts on your most profitable customers.
2. In deciding what information to put out start with the most requested information your call centers put out.
3. Think about marketing offers you can make electronically that are not practically to do any other way.

Own the customer's total experience
1. Identify each step or business event where the customer is most likely to interact with your firm and streamline each of those steps.
2. Reassure the customer at each step
3. Capture the customers profile and off them the oportunity to change their profiles at any time and to select a set of profile defaults.
4. Give customers access to their entire transaction history.
5. Let the customer specify if they want proactive notification.
6. Recruit thousands of business partners who can represent your firm to customers
7. Make it easy for your suppliers to deal with you.
8. Focus on excellence in the customer experience.

Streamline business processes that impact the customer
1. Use online forums to overcome internal organizational barriers to success.
2. Use streamline electronic forms that are visible to all legitimate parties involved.
3. Make the right bets on technology

Provide a 360 degree view
1. Layout the groundwork
2. Start by focusing on the convenience of the customer
3. Target your most profitable customers
4. Use middleware to pull customer information together
5. Make sure the answers and information that your customer receives are identical
6. Don't let technology limit your vision
7. Begin by offerring information then transactions

Let Customers help themselves
1. Cooperation is the name of the game on the internet
2. Provide information on the web that helps the customer make a decision or answer a question
3. The best combination is where the person can access the information they want but get a person on the phone if needed.
4. Customers design their own products

Help the customer do his job
1. Make it your goal not to waste the customers time
2. The best website offer at least three different types of search engines
3. Keep track of what the customer looks for and does not find
4. Use electronic mail for targeted marketing
5. Listen to the customer tell you what they need to appear on their bills.
6. Make it easy as possible to help the customer help their customer use your product.

Deliver personalized service

Foster Community

Good book but needs updating now........2004-03-12

With so much changes in the internet business, this is a good reading to understand how should you start, but new technologies are available now. This book was written in 98, so Patricia Seybold should rewrite.

An education in itself..........2002-12-20

Being a college student, I was at first reluctant to read Seybold's book as a class assignment. In hindsight, it's one of the best decisions I could've made. This book presents dynamic ideas that are being overlooked at universities today. Rather than focusing on the "how to's" Customers.com gives you the "why's" of the customer market. Talk about making me think! Not only did this book provide an excellent point of reference for class discussions, I found myself unconsciously transferring the knowledge into my job. One thing to take note of: THIS IS MORE THAN A TECHIES BOOK! Anyone in business will undoubtedly benefit from reading it. HIGHLY RECOMMENDED!!!

Remains solid.......2001-10-13

Got this when it came out and gave it a read. Three years have passed and I just referred to it to support writing a paper on technology. The details are good and the higher level dialogue do a nice job of getting the message across without belaboring anything. If you are about the web and doing business, this is worth the bucks and time.

Customers.com: How to Create a Profitable Business Strategy for the Internet and Beyond

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Customers.com: How to Create a Profitable Business Strategy for the Internet and Beyond
Patricia B. Seybold , and Ronni T. Marshak
Manufacturer: Random House
ProductGroup: Book
Binding: Audio Cassette
ASIN: B000HNA0LE

Book Description

The transition of the former socialist and otherwise centrally planned economies into the world trading and financial system has become a major concern to both policymakers and social scientists. In this book experts from diverse economies address the principal issues raised by this transition. The chapters, which cover fourteen countries of East and Central Europe, the former Soviet Union, and Asia, are the result of a three-year research project. Although the contributors share a unity of design and analysis, each author focuses on the issues most relevant to the country or countries under discussion.

In her introductory essay, project leader Padma Desai synthesizes the findings and cuts through recent analytical confusion over such issues as shock therapy versus gradualism. Rather than advocate the faster the better, she discusses the possible difficulty of sustaining rapid transition reforms and globalization in the face of rising unemployment.

The countries discussed are the Czech Republic, Hungary, the German Democratic Republic (now eastern Germany), Poland, Estonia, Latvia, Lithuania, Finland, Russia, Kazakhstan, Uzbekistan, China, Vietnam, and India.

Contributors: The Czech Republic, Josef C. Brada and A. M. Kutan. Hungary, Andras Blaho and Peter Gal. East Germany, Jürgen von Hagen. Poland, Stanislaw Wellisz. Lithuania, Latvia, and Estonia, Kalev Kukk. Finland, Urpo Kivikari. Russia, Padma Desai. Kazakhstan, Heiner Flassbeck, Lutz Hoffman, and Ludger Lindlar. Uzbekistan, Michael Connolly. China, Richard S. Eckaus. Vietnam, David Dollar and Borje Ljunggren. India, Manmohan Agarwal.

Going Global: Transition From Plan to Market in The World Economy. (book reviews): An article from: Comparative Economic Studies

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Going Global: Transition From Plan to Market in The World Economy. (book reviews): An article from: Comparative Economic Studies
Holland Hunter
Manufacturer: Association for Comparative Economic Studies
ProductGroup: Book
Binding: Digital

General | Business & Investing | Subjects | Books

Book Description

This digital document is an article from Comparative Economic Studies, published by Association for Comparative Economic Studies on June 22, 1998. The length of the article is 980 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Going Global: Transition From Plan to Market in The World Economy. (book reviews)
Author: Holland Hunter
Publication: Comparative Economic Studies (Refereed)
Date: June 22, 1998
Publisher: Association for Comparative Economic Studies
Volume: v40 Issue: n2 Page: p114(3)

Article Type: Book Review

Distributed by Thomson Gale

Going Global: Transition from Plan to Market in the World Economy

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Going Global: Transition from Plan to Market in the World Economy
Padma Desai
Manufacturer: The MIT Press
ProductGroup: Book
Binding: Paperback
ASIN: B000OQ8WU0

Book Description

Did bilateral and regional bargaining choke off international commerce and finance in the 1930s and prolong the Great Depression? Is the open world economic system now being placed at risk by explicitly discriminatory practices that erode respect for the GATT, the IMF, and the IBRD? Most political economists would answer in the affirmative, warning that bilateral and regional preferences are at best inefficient and at worst catastrophic. By contrast, Kenneth Oye shows how economic discrimination can foster international economic openness by facilitating political exchange.

Economic Discrimination and Political Exchange: World Political Economy in the 1930s and 1980s

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Economic Discrimination and Political Exchange: World Political Economy in the 1930s and 1980s
Kenneth A. Oye
Manufacturer: Princeton Univ Pr
ProductGroup: Book
Binding: Paperback
ASIN: B000NY2R7C

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