Anderson The Janus Factor

Trend Follower's Guide to Market Dialectics
1. Auflage 2012
ISBN: 978-1-118-23600-0
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 192 Seiten, E-Book

Reihe: Bloomberg Professional

Tap into feedback loops to unravel market trends and discoverprofitable trading opportunities
The Janus Factor presents an innovative theory thatdescribes how feedback loops determine market behavior. The bookclearly shows how the theory can be applied to make trading moreprofitable. The metaphor of the two-faced god Janus is used toreflect alternating market environments, one dominated by trendfollowers and the other by contrarian bargain hunters.
In this book, author Gary Anderson puts forth a systematic viewof how positive and negative feedback drive capital flows in thestock market and how those flows tend to favor either sectorleaders or sector laggards at different times.
* Discusses how to find better performing stocks
* Outlines when and how to use momentum strategies for bigprofits
* 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 JanusFactor offers insight into market behavior and new methods forcapturing stock market trends.

Autoren/Hrsg.

Anderson, Gary Edwin

Inhaltsverzeichnis

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

Über Autor(innen)

Gary Edwin Anderson is a principal od Anderson & Leo,providing stock market consulting and advisory services to aninternational clientele of professional asset managers, includingbanks, mutual funds, hedge funds, and financial advisors. Awell-known technical analyst, Anderson won the 2003 Charles H. DowAward from the Market Technicians Association for his paper onfeedback loops in the stock market, Anderson's work has beenfeatured in Barron's, and he has been published inTechnical 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 services.