The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks is yet another book on trading that I came across at Amazon. I'm familiar with looking at price and volume and I've seen top-down methods of stock selection, but I haven't seen a really integrated method. In particular, I haven't seen something that gives a good idea of where the market is heading, and that's one of the things this method relies on:
- Gauge the sentiment of a market to determine if the trend is bullish or bearish, and whether a possible high or low is nearby
- Evaluate breadth, volume, and momentum in order to identify triggers to enter the market
- Find the best performing sectors that are aligned with the market
- Select the strongest stocks within those sectors
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