Trend Forecasting with Technical Analysis

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Summary: Trend Forecasting With Technical Analyis
Review: I think it's safe to say that there is absolutely no useful information in this book. The author should be ashamed of himself for selling it. At best it should be considered a thick brochure for his product and given away for free. It's not even worth the postage. Mr. Mendelson must think the public are idiots. This book is a dishonor to John Murphy who presents good information throughout his own books. I am stunned that Mr. Murphy is happy to have his name this book. John, what were you thinking?

Rating:
Summary: Trend Forecasting With Technical Analyis
Review: I think it's safe to say that there is absolutely no useful information in this book. The author should be ashamed of himself for selling it. At best it should be considered a thick brochure for his product and given away for free. It's not even worth the postage. Mr. Mendelson must think the public are idiots. This book is a dishonor to John Murphy who presents good information throughout his own books. I am stunned that Mr. Murphy is happy to have his name this book. John, what were you thinking?

Rating:
Summary: The trade secret is to buy the software!!!
Review: Previous reviewers have compared this book to Murphy's. These books are totally different. Murphy gives good descriptions of intermarket analysis that may/may not continue to hold true into the future. Then, it is left up to the reader to determine how to quantify the various intermarket relationships so as to enable the investor to predict the moves of the subject market by determining exactly what relationships to use and how much priority is to be placed on each of them. Honestly, spend an hour or two each night on this, with questionable results, and you will become frustrated, at best.

Mendelsohn's book describes how he has taken the drudge work out of this process by automating these intermarket relationships so as to produce a single daily report. Only a small amount of time is needed to review the report and come to a conclusion as to what to do the next day. Additionally, as the book describes, the outputs of these automated calculations are shown to successfully predict what the subject market will do the next day upwards to 78% of the time.

Granted the book is an in-depth description of his software, but, I found great value in the discussion of moving averages and feel that the knowledge I gained was worth the price of the book.

Rating:
Summary: Fortunately, I didn't pay for this book.
Review: The book title and description are misleading. They imply that this "book", which is really an ad pamphlet for the author's software, will teach the reader even a little about "technical analysis" and "intermarket analysis". While these phrases are used liberally throughout this ad pamphlet, the author only says that the detailed analyses are performed in a software package that he wrote, the name of which he uses just as liberally but one I won't mention since the dishonest nature of this book's title and description give me an idea of what the author and his software must be like.

While I'm glad I got this book for free on as a promotion by the publisher, I truly regret wasting the time to read it and wonder if I can seek compensation from the author for the time I wasted to read it. Unfortunately, there is no rating of negative stars allowed.

Rating:
Summary: Fortunately, I didn't pay for this book.
Review: The book title and description are misleading. They imply that this "book", which is really an ad pamphlet for the author's software, will teach the reader even a little about "technical analysis" and "intermarket analysis". While these phrases are used liberally throughout this ad pamphlet, the author only says that the detailed analyses are performed in a software package that he wrote, the name of which he uses just as liberally but one I won't mention since the dishonest nature of this book's title and description give me an idea of what the author and his software must be like.

While I'm glad I got this book for free on as a promotion by the publisher, I truly regret wasting the time to read it and wonder if I can seek compensation from the author for the time I wasted to read it. Unfortunately, there is no rating of negative stars allowed.

Rating:
Summary: The trade secret is to buy the software!!!
Review: This book dealt very little on ideas and methodologies. It is a hard sell on the author's software. Don't expect to learn anything new nor on any trading ideas.

Nevertheless, the book is an easy read and served as a confirmation on general and common knowledge. This book came free with other purchase. I would seriously discourage people to spend [...]. on this manual.

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Summary: Software NOT 80% Accurate - only < 55% I KNOW!
Review: Well gullible me - I bought the book and the VantagePoint Software from Mendelsohn and his company Market Technolgy. I lost a lot of money using it trading futures. The predicted highs and lows were seldom even close - but rarely were surprisingly accurate (so is a broken clock - twice a day!). The Neural Index, which claims 70-82% accuracy, had less than 56% accuracy over several months in 2004. The predicted moving averages pictured in the book are deceptive - they are "displaced" back in time 2-4 days, giving the false visual indication that they are very accurate predictions. You do not learn this until the money is spent! Too bad! The "unique" predicted crossover signal is no more accurate than a 3 day exponential average crossover on a 4 or 5 day moving average. Although the technical support for installing the product was good, the instructional support from the company is no better than the vague information in the book. I would not waste the money buying the book or the time reading it. Why John Murphy would even write the Foreward puzzles me. I give him and his books a lot of credibility - His Intermarket Analysis is a great read and worthwhile information. I guess it must be some professional courtesy thing. The whole Neural Network prediction technique sounds fascinating - but it just uses multi-variate regression techniques to separately forecast the high, the low, 2 moving averages, and the Neural Index. These separate forecasts are then presented in a table and chart. The problem is, they usually contradict each other and confuse the trader - leading to losses. The author leads you to believe they are somehow magically intertwined through the use of some complex modern math and "neural" computer techniques. Folks, it is just the same old statistics you took in highschool (or college). There is nothing new or mystical about it - it just doesn't have much accuracy or add value to the trader. VERDICT: Skip it and be money ahead.