"Price combines the sciences of contrarian investing, technical analysis, and option valuation in a straightforward, easy–to–understand manner. He has always been well known for his thorough and accurate research, and he shows why in Big Trends in Trading. Serious traders will benefit from reading this book."
–Lawrence G. McMillan, President of McMillan Analysis Corp.
"Price Headley takes a dynamic view of such popular indicators as sentiment and volatility because he knows that the markets are not static but are always changing, and he shows you how to change with them. In addition, he tests the majority of his work and shows the success rates. A rare combination, and a must read for new and experienced traders alike."
–Thom Hartle, President of Market Analytics, Inc. ([external URL]
"This book should prove to be valuable reading for all technically oriented traders and investors. By emphasizing the ′big trends,′ Headley stresses the importance of concentrating only in the most profitable situations–and tells you how to find them. I personally like his choice of technical indicators–and his unique way of using them. I also like his coverage of money management and the mental aspect of trading–which are just as important as the trading system employed–but too often neglected. All in all, an outstanding piece of work."
–John Murphy, author of Intermarket Technical Analysis,
The Visual Investor, and Technical Analysis of the Financial Markets,
and President of MurphyMorris, Inc.
PART I: GETTING THE MARKET RIGHT FIRST.
The CBOE Equity Put/Call Ratio––My Favorite Contrary Indicator.
RYDEX Mutual Fund Flows––The Crowd is Often Wrong at Extremes.
The CBOE Volatility Index (VIX)––Fear Reigns at Major Bottoms.
Volume Indicators––Contrarian Opportunities on Buying or Selling Panics.
Surveys––How to Use Crowd Opinion to Your Advantage at Major Turning Points.
PART II: STOCK SELECTION TECHNIQUES.
My Favorite Classic Trend Indicators.
Acceleration Bands and Moving Average Envelopes––Spotting the Points When a Stock Can Go Parabolic.
Momentum Divergences––When to Take or Avoid Stock Price Breakouts.
Relative Strenght––Your Key to Maximizing the Bang for Your Buck.
PART III: OPTIONS.
Big Trends––Your Edge versus the Options Pricing Model.
Options Strategies for Different Market Conditions.
Trading Psychology and Money Management.
Appendix A: Stock Picking Checklist.
Appendix B Types of Orders.
Appendix C Favorite Web sites.
Appendix D Favorite Quotes.