The Janus Factor (eBook)

Trend Follower's Guide to Market Dialectics

Gary Edwin Anderson (Autor)

eBook Download: PDF

2012 | 1. Auflage
192 Seiten
John Wiley & Sons (Verlag)
978-1-118-22348-2 (ISBN)

Infos

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.

Autor

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.

Inhalt

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

Produkt-Details

• Erscheint lt. Verlag: 12.11.2012
• Reihe/Serie: Bloomberg Professional
• Reihe/Serie: Bloomberg Professional
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Börsenhandel • Börsenhandel • Finance & Investments • Finanz- u. Anlagewesen • Trading
• ISBN-10: 1-118-22348-9 / 1118223489
• ISBN-13: 978-1-118-22348-2 / 9781118223482