Larry Williams, author of The Right Stock at the Right Time and Long–Term Secrets to Short–Term Trading
"Mr. Summa’s Trading Against the Crowd provides traders with distinct insight into the art of trading on ‘contrary opinion.’ His groundbreaking approach to quantifying news articles into a bullish versus bearish intensity index should prove to be a very valuable tool for professional traders worldwide."
Dan Stark, President, Daniel B. Stark & Company
Publisher, Stark Trader Analysis Report
"Summa’s new book, Trading Against the Crowd, is thoughtful, insightful, and one of the better books on the contrarian style of investing. With the recent stock market meltdown fresh in our minds, this book should be required reading for all investors, whether they are novices or experienced institutional investors."
Jim Mazzola, Director, Thomson Equity Strategies, Thomson Financial
Chapter 1. Reflections of a Contrarian on Investor Psychology.
Chapter 2. Measuring "Joe Option Trader" Sentiment.
Chapter 3. Will the Real Put/Call Ratio Please Stand Up?
Chapter 4. The Option Trading Crowd at Extremes.
Chapter 5. Does the Entire Group of Option Traders Get it Wrong?
Chapter 6. OEX Option Traders Is This a Smart Money Crowd?
Chapter 7. From Statistical Tests to Sentiment Trading System.
Chapter 8. Squeeze Play I: Pulling the Price Trigger.
Chapter 9. Sentiment Squeeze Play II.
Chapter 10. Squeeze Play II and LEAPS Surrogates.
Chapter 11. The Tsunami Sentiment Wave Trading System.
Chapter 12. Adapting Put/Call Ratios to Bond Futures.
Chapter 13. Option Implied Volatility and Investor Sentiment.
Chapter 14. Testing Option Volatility on Equity Indices.
Chapter 15. Stock Options Volatility and Sentiment Long Waves.
Chapter 16. Gauging Crowd Psychology with Short Selling Ratios.
Chapter 17. Public Shorts: Still As Good As Ever as Crowd "Sentimeter".
Chapter 18. Trading Against the Advisory Opinion Crowd.
Chapter 19. The Fourth Estate Crowd.
Chapter 20. Postscript on Crowd Psychology in Financial Markets.
Appendix A: MetaStock Formula Language Code.
Appendix B: TradeStation EasyLanguage® Code.
Appendix C: Notes on System Testing.