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Title: Impressive, though mistitled, book
Review: This is an outstanding book on short to intermediate-term trading in the stock, stock index, and futures markets. The authors' approach is countertrend: even though I am more comfortable with following the trend, the authors make a good case for a sound countertrend strategy. They recommend, for instance, rigorously placing sensible stops. This book, in general, is applicable to more than just hedge fund managers, for the advice Connors and Hayward give is based on detailed research and backtesting. I would argue, though, that some of their approaches, while sound, may not be entirely original; one of their methods particularly reminded me of something Larry Williams labelled in one of his books as his "weekly trading tool." Nevertheless, this book is a solid, clearly written, very practical tool for any technical trader. I am very pleased to add it to my own library.
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