WILEY How Markets Really Work: Quantitative Guide to Stock Market Behavior

Met expectations

Very costly book.

I've read several titles by Larry Connors and Cesar Alvarez, including "Short Term Trading Strategies that Work" and "High Probability ETF Trading". This book repeats their back-testing technique establishing counter-intuitive truths about the market.The trouble is that some of these are repeated in their other books. The "new" ones here concern volume, large moves, 52-week highs and lows, put/call ratios and historical volatility. Their core techniques, notably the basics of short term Highs and Lows, using the two-day RSI to flag opportunities and trading the VIX, are available in almost all their other works.The layout of information in this book is generous: I read the entire thing in a single sitting, even though I read carefully, marking the good stuff with a highlighter -- a first for any of my 60 or so investment books. Brevity and clarity are good things... if there are fresh insights. But, if you understand the point in the highlighted text, you can skip the explanations, charts and tables backing them up. The nuggets in this book could have been parlayed in twenty pages.Is the information in "How Markets Really Work" useful for trading? Yes. Is there new stuff worth the price of the book? Hmm, not so much for those who have read other titles by Connors and Alvarez. I preferred the other two titles cited above because there was more practical application of their ideas, including entry and exit techniques.I receive e-mails from their company, Trading Markets, offering new publications. Since their back-testing methodology is attractive, I'm tempted to spend the $40 or $100 to see their new titles. But I've held off because I can't be confident that there's enough new content to justify the purchase.If you've never read anything by Connors and Alvarez before, this book could be a valuable intro to their methodologies. If you have read other titles, maybe there's not enough new in this one to justify the purchase.

Did not have any of the vitality of his other works. Very disappointed. The rating is a courtesy paid to his other works.

A great book if you are a starting out trading and want to learn the basics in how the market works. I like to recomend this one to my students.