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Title: The Stock Trader's Almanac 2007
ISBN: 0471783773
Author:
Hirsch Organization
Publicate Date: 2006-10-20
Publish: 2006-10-20
List Price: $34.95
Average Customer Rating: 4.0
Format: Spiral-bound
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Amazon Lowest New Price: $36.96
Amazon Lowest Used Price: $29.99
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| Customer Review: |
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1: Great tool for index traders and index ETF's and options.
The almanacs don't attempt to teach you how to assess valuation or secular shifts, these books are historical trends of broader markets and indexes and they are often more accurate than wrong.
Interestingly, it seems when they're wrong it is a "duh, no brainer" such as when the trend for an up January often means an up year for the DOW, S&P except for times of war / duh !
Another gem, "Down Friday, Down Monday warning" that says market tops and bottoms are often denoted with a down Friday followed by the next Monday also down. This is a great tool in volatile markets like we've been experiencing for the last 13 months.
From November of 2004 - June 2006 this indicator was spotted 17 times and every time it was either the very bottom or top of the market OR within 1% of either.
If you need the other stuff I mentioned about how to assess valuation and secular trends then spend time at Vectorvest and even by reading Cramer's Real Jim Cramer's Real Money: Sane Investing in an Insane World to gain some fundamentals on these topics.
For index trading, the ST Almanac is required.
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2: good content bad quality of book
the book offers very good stats about the stocm market very very interesting, the cover and pages keep comming out of the cheap made spiral.
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3: The Stock Trader's Almanac 2007
The 2007 Stock Trader's Almanac was a disappointment, however, I did enjoy the wit and humour. It is NOT very helpful for market timers.
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4: best almanac for investors
i have been using this almanac for many many years and i also subscribed to their web services. Just one trade will be worth it.
I believe in probability when it comes to the stock market and one should try to line up everything you could to increase your probability of a successful trade or investment. Why not buy or sell with that in mind over and above the tools you use either foundamentals or technical or both.
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5: Industry Standard
As the industry "heavies" go, this publication is definitely a standard. Clearly, every trader knows no one book is the answer-all; and, this annual is definitely worth serious consideration for standard trading watch.
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