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

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Binding: Paperback
Dewey Decimal Number: 330
EAN: 9780595012077
ISBN: 0595012078
Label: AuthorHouse
Manufacturer: AuthorHouse
Number Of Items: 1
Number Of Pages: 343
Publication Date: August 10, 2000
Publisher: AuthorHouse
Release Date: August 10, 2000
Sales Rank: 812122
Studio: AuthorHouse



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Editorial Review:

Product Description:
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.

Author Bio: Clifford Sherry has written extensively on applying statistics to investments. He holds a Ph.D. from the Illinois Institute of Technology. He is a senior analyst and CEO of Intuitive Concepts - Innovative Testing, LLC.

Jason Sherry, a graduate of the University of Texas, Austin, is a financial advisor for Morgan Stanley Dean Witter.





Customer Reviews
Average Rating: out of 5 stars

Rating: 1 out of 5 stars - Serious misunderstandings and outright errors
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. ... Read More


Rating: 5 out of 5 stars - Sherry's book is thorough!!
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.


Rating: 3 out of 5 stars - It is more like a draft than a serious book
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 ... Read More


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script by MrRat

Disclaimer: Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using these methodologies or systems will generate profits or ensure freedom from losses.

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