Trader Vic Methods Of A Wall Street Master By Victor Sperandeo.pdf ((install)) -

For decades, aspiring traders have scoured the shelves for a “holy grail”—a single, foolproof system to decode the chaos of Wall Street. Most are disappointed. However, a select few books have transcended the noise to become mandatory reading for professional investors. One such text is by Victor Sperandeo.

The price makes a new high (point 1) but immediately reverses and closes below the previous high. The price then retests that new high (point 2) but fails to hold, closing back below the previous high again. For decades, aspiring traders have scoured the shelves

Sperandeo's primary method for market analysis is rooted in the Dow Theory. He firmly believed that if a trader can accurately identify a trend and, more importantly, recognize when that trend is most likely to change, they possess all the essential knowledge needed to be profitable in the markets. This focus on trend analysis is the central theme of the book. The author sees the markets as chaotic, and one can use Dow Theory principles to find order within that chaos. One such text is by Victor Sperandeo

Deducted slightly for dated examples and occasional arrogance, but essential reading for any serious trend-following trader. Sperandeo's primary method for market analysis is rooted