The Ultimate Breakthrough in Market Turning Point Detection: Catching Every Major Pivot in Stocks, Options, and Futures with the PAMA Method [Hardcover]

Jeffrey A. Cuddy (Author)

Book Description

Publication Date: March 17, 1998

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Product Details

• Hardcover: 155 pages
• Publisher: Windsor Books; First Edition edition (March 17, 1998)
• Language: English
• ISBN-10: 0930233611
• ISBN-13: 978-0930233617
• Product Dimensions: 10.4 x 7.3 x 0.7 inches
• Shipping Weight: 1.3 pounds (View shipping rates and policies)
• Average Customer Review: 1.5 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #2,001,329 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

70 of 73 people found the following review helpful:

2.0 out of 5 stars Not as easy as 1,2,3,4..., December 27, 1998

By 

lyntonii "lyntonii" (Australia) - See all my reviews

This review is from: The Ultimate Breakthrough in Market Turning Point Detection: Catching Every Major Pivot in Stocks, Options, and Futures with the PAMA Method (Hardcover)

This is a difficult book to review. And difficult to read. It is a thin book (only 155 pages counting the index and lots of white space, also big printing and full page graphs) but it may not be gutless. Jeffrey is pushing something he calls the PAMA Method (Pivotal Area of Market Analysis)and he may have something there. But trying to read the book is like sawing hardwood with a disposable plastic knife. I still scarcely know what the hell he is saying, and believe me I have tried. He may well be offering something of value but it is bloody difficult to understand what. The first part of the book is just simply badly written and the last part I've never gotten to even after several attempts. He spends a lot of time developing arcane laws and conditions (and sub-laws and sub-conditions) that may sometimes work for him but to claim them as the "Ultimate Breakthrough" well.... I would like to encourage a serious student to buy this book and then elucidate it to me or study it together because I still believe there may be something in it. But if you want a holy grail or an easy read to riches, this book ain't it!

21 of 23 people found the following review helpful:

2.0 out of 5 stars 20/20 Hindsight trading method fudged to get good results, October 16, 2000

By 

Eugene Gee "eugenegee" (San Jose, CA USA) - See all my reviews
(REAL NAME)   

This review is from: The Ultimate Breakthrough in Market Turning Point Detection: Catching Every Major Pivot in Stocks, Options, and Futures with the PAMA Method (Hardcover)

I found his trading method difficult to understand. He glosses over his trading method and does not explain it with enough detail. I had to read the pages over and over again just to get a grasp of his system. Basically, he is using channelling to detect reversals of up and down trends. Half of the book uses his method to analyze the Dow Jones Industrial Average for a ten year period. In following his analysis, there were quite a few times when it seemed like he did not follow his own rules. It looks like he was doing that to make his trading results look good.

9 of 9 people found the following review helpful:

1.0 out of 5 stars Revisiting the original review, December 6, 2003

By 

lyntonii "lyntonii" (Australia) - See all my reviews

This review is from: The Ultimate Breakthrough in Market Turning Point Detection: Catching Every Major Pivot in Stocks, Options, and Futures with the PAMA Method (Hardcover)

I am revisiting this book, 5 years down the track, looking for the gold beneath the gross.

1. The first difficulty: All the charts in this book are done manually. This seems a long way out of date with current charting software available. It is also extremely tedious.

2. All channels are drawn at 45 degrees with width of 8.5 units. Why 45 degrees? Why 8.5 units? No explanation. I assume the 45 degree requirement goes back to the old Gann ideas and time/price symmetry. But I see no obvious reason for the 8.5 unit channel width.
Both the slope and the width of these channels appear arbitrary and unproven.

3. The book is essentially based on cycle analysis, where we are looking for the number of days between two highs to equal the number of days between two lows. Unless you're a cycles fanatic you're straight away going to find yourself out of your depth here, especially since cycles (if they exist) are not constant.

4. The explanatory charts and notes are very difficult to follow and some charts and notes are simply incorrect (eg fig32 P.15).

I intend to come back to this review to elucidate the heart of the PAMA methodology.

In the meantime, with apologies to Jeff, I am still unable to give this book a decent recommendation.