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Safe Profitable Investing With Relative Strength: And Dynamic Investor Pro Paperback – September 17, 2013
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Top Customer Reviews
You can ignore Dominick’s portion and learn all about RS in Carr’s unbiased, step-by-step, deliberate analysis of RS that gives you his results using different universes of ETF Sectors, ETF assets, Foreign ETFs, Fidelity Select mutual funds and Vanguard mutual funds. Carr provides many tables and charts to illustrate his results.
First, the book never discusses the typical formulation of Relative Strength (stock price/index price), which is widely used and readily available on most trading platforms. For those interested this traditional concept of Relative Strength, I recommend Isaac J. Israel book, Patterns of Relative Strength. It’s a superb discussion of the traditional RS indicator (although it requires some math skills).
Second, I agree with the other reviewer. It strikes me that the primary goal of this book (Safe Profitable Investing with Relative Strength) is to promote the authors’ expensive software service. Let me share my experience. The first 187 pages walks you through a number of different indicators to determine relative strength of a stock (or mutual fund). For example, using the daily percent change in stock price, or moving averages. The author then tests (and optimizes) seven (7) of those RS indicators to determine which is the best.
After reading through his back-testing methodology, I attempted to recreate his test, in order to validate his results. However, I found that of the seven derivations of RS he didn’t quite explain the math behind the “best” RS formula (based on optimization), as he did with the six other methodologies. I sent the author an email requesting he provide a simple clarification of the formula so I could recreate his test. He didn't respond to my question. Instead, I got an email from the author which urged me to purchase their software.Read more ›
It never talks about Relative Strength Index as used in commonly-available data. Instead Carr focuses on a home-grown version.
The book reads like a masters thesis. It is an endless explanation of methods and reasoning.
The charts were blurry.
The sole purpose of the book seems to be to drive traffic to a paid web-site. I get really sick of investment books that are really just a sales pitch for services. It is disinguous to charge money for a book that is essentially a marketing promotion.
The book never seems to get to any final conclusive points. There are intermediate conclusions, but no set of final take-aways.
The book was mostly dull and tedious.
Most Recent Customer Reviews
Excellent read on his method for investing through options, well laid out, walks one through his process, result orientated. Read morePublished 17 months ago by Tom of Arizona
Michael's book is a 5 star; however, the additional information about Dynamic Investor Pro could have been better presented; a powerful program but not so powerful presentation.Published on November 13, 2013 by O T Moore