Book description
For years, traders and investors have been using unproven assumptions
about popular patterns such as breakouts, momentum, new highs, new
lows, market breadth, put/call ratios and more without knowing if
there is a statistical edge.
Common wisdom holds that the stock markets are ever changing. But, as
it turns out, common wisdom can be wrong. Offering a comprehensive
look back at the way the markets have acted over the last two decades,
How Markets Really Work: A Quantitative Guide to Stock Market
Behavior, Second Edition shows that nothing has changed, that
the markets behave the same way today as they have in years past, and
that understanding this puts you in a prime position to profit.
Written by two top financial experts and filled with charts and graphs
that illustrate the market concepts they develop, the book takes a
sometimes contrarian view of everything from market edges to
historical volatility, and from volume to put/call ratio, giving you
all that you need to truly understand how the markets function. Fully
revised and updated, How Markets Really Work, Second Edition
takes a level-headed, data-driven look at the markets to show how they
function and how you can apply that information intelligently when
making investment decisions.
Laurence A. Connors is Managing Partner of LCA
Capital, an asset management firm, and Connors Research, a financial
markets research company. Connors has more than thirty years of
experience working in the financial markets industry, is a
best-selling author, and has been featured and quoted in numerous news
outlets, including the Wall Street Journal, the New York
Times, and Barron's.
Cesar Alvarez is the Director of Research for Connors
Research. Alvarez has been at the forefront of stock market
research for years, and has developed a number of successful trading
systems now used by investors and fund managers around the world.
