The Master Trader -- Contents -- Acknowledgments -- Preface -- Chapter 1 Technical Analysis: Fuhgeddaboudit -- Indicators: Pick One, Any One -- 1990: Another Opportunity Missed -- Notes -- Chapter 2 The Failure of Technical Efforts -- A Lack of Analysis . . . (Again) -- The Advance/Decline Line: A Favorite Tool, but Why? -- Volume? Another Important Indicator? Really? -- Newsletters-Once Upon a Time . . . -- Predicting Rain Doesn't Count -- Building Arks Does -- Technical Analysis Fails a Rigorous Test -- Notes -- Chapter 3 Technicals: The Last Word -- Topical Studies: An Introduction -- Notes -- Chapter 4 Wall Street: Games People Play -- A Brokerage Firm Can't Calculate Performance? -- Mr. Prechter -- Notes -- Chapter 5 Money Flows: The Ultimate Indicator -- Playing with Blocks -- It Is Not How Often -- It Is How Much -- The SEC's Study on the Information from Large Trades -- Wall Street Week: The Record -- Apple Is a Buy at 3? -- Mr. Market's Voice -- Notes -- Chapter 6 Anecdotal Data -- Magazines and NEWSPAPERS Are Databases in Disguise -- Dow Theory in Real Time -- Magazine Covers-Overrated -- Note -- Chapter 7 Always Cut the Cards -- Strategists: More Marketing Than Markets -- Stock Market Research: An Oxymoron -- The Issue of CAPE: Cyclically Adjusted Price-Earnings Ratio -- Strategists: One More Thing . . . -- What Do Stocks Really Return? -- A Successful Model Except for "Irrational" Investors -- The Press Should Be in the Reporting, Not Forecasting, Business -- Notes -- Chapter 8 DOW: 19,792? -- Citibank (the Company) versus Citi (the Stock) -- World War I: The Market Swoons, Oops, Rallies -- The Dow Trades above 1,000 -- Notes -- Chapter 9 That's Easy for you to Say! -- BusinessWeek: 1998, 1999, and America Online -- BEST: Real Time, Real Money, Real Results -- Notes -- Chapter 10 Playing the Game -- Mr. Buffett Buys and Sells Silver.

Bonds Can Go Down -- Mr. Ellis: The Loser's Game -- Wall Street Week: We Were Lucky (for Eight Years) -- Money Managers Don't Get It? -- Notes -- Chapter 11 Have It Your Way -- Weasel Words: Not Our Choice, but Know and Recognize -- Chapter 12 The Market: Yesterday, Today, and Tomorrow? -- Commissions Go Down -- ERISA Changes the Rules -- London's Big Bang: A Failure There, a Good Idea Here? -- The Public versus "All Others" -- High‐Frequency Traders Get Billions, Brokers Prosper, but ARE YOU Benefiting? -- The Demise of the Japanese Market Was Structural -- Notes -- Chapter 13 Get Ready, Get Set . . . -- Tracking Sentiment, or, Keeping Score of the Players -- Note -- Chapter 14 Market Cycles and Rotation -- How to Tell Whether We Are in the Eighth or Ninth Inning -- Group Rotation Exists -- It Is Random but Worth Understanding -- Small Stocks: On Average, Yes, but . . . -- Growth versus Value: Advantage Growth, but . . . -- Notes -- Chapter 15 The Economy and the Federal Reserve Board -- GDP and the Market, No Surprises Here -- The Fed Tightens: It Hurts Only fora Little While -- 1994: A Little Perspective, if You Please -- 1995: Economists Predict Because They Are Asked, but Why? -- Note -- Chapter 16 Picking Stocks -- Seeds: Ideas to Get You Started, Planting, and Harvesting Come Later -- Sprained Wrists Eventually Heal (and Prosper) -- Capitulation: Another Example of the Anecdotal Process -- Trend Charts: Late in, Early out, but Profitable and Comfortable -- Note -- Chapter 17 The Trading Day -- The Morning after a Big Day -- What Do Futures Tell Us? -- It's 10:00 a.m.: Do You Know Where Your Stocks Are Going? -- Chapter 18 "Mind the Gap" -- After the Post‐Market Fall . . . or Rally -- Gaps Provide Opportunities and Have Some Tendencies, but NONE Written in Stone -- Gaps Squared.

Old Rule: Large Gaps Have to Be Closed-New Rule: About 25 Percent -- Chapter 19 You Must Remember This -- It's Smart to Be Bearish, but Not Necessarily Profitable -- You Can Never Know Too Much about Too Many Things on Wall Street -- Notes -- Chapter 20 Wall Street Week and Other Adventures -- Salomon Brothers: The Bar Was High, Even for the Chef -- Notes -- Appendix A Expansions/Recessions and Bull/Bear Markets -- Appendix B Cost of Timing the Market -- Appendix C History of Regulation -- Glossary -- About the Author -- About the Website -- Index.