Rating: 
Summary: more than 90 % profitable
Review: This review refers to the Sept 2003 newly published hardcover expanded second edition of the book . In this edition the author goes beyond using options into the art of picking winning stocks. There are quite a few new ideas including : (1) How to use sentiment and price action to pick winning stocks. The author uses two indicators when combined together can signal entry points giving over 100% profitability . I personally back tested and actually traded this approach with over 90% accuracy (2) How to generate quick cash by using a short squeeze and earnings squeeze strategy. This is presented in a stepwise procedure which is easy to follow.(3) How to recognize when smart money is buying or selling .
(4) How to recognize when smart money is buying under the radar without actually affecting price movements. (5) How to avoid being shaken out and selling before a big run up. And more ideas too many to mention. (6) How to quantify fear and combine it with a common technical indicator to spot general market reversals and I could go on and on.
One of the Chapters that I found most useful for long term investors ins Chapter 14 where the author presents a simple system using an easy calculation that you have to do once a week to determine when to sell a stock or buy for the long term. This chapter allows you to recognize pending long term reversals using what the author calls CD chars while a stock is near its high. Real life stock illustrations are given throughout the book.The author adds a special chapter with ideas on how to apply the concepts in the book to specific situations that are frequently encountered and shows how to cash in on such situations.
What impressed me most is that the concepts are innovative and not accessible in other books that I have read. On the other hand they are simple to follow especially with the numerous real market examples given by the author.
Rating: 
Summary: Good Things Do Come In Small Packages
Review: Wow, without being the lenght of War and Peace Dr. Elias packs a lot of punch. It has many actual case studies. I also found it valuable that he addresses the real world... by that I mean the market does not always go your way (go figure). You follow along in trades as he shifts gears to address the new reality of the stock's "actual" price moves vs the "anticipated" moves of the stock. I can't stress enough that I particularly liked how he presents what I'll call plan A, B, and C... if that happens I'll do this, if this happens I'll do that. This allows the reader insight into the whys of the trade. This will be very valuable to someone newer at this, learning alot by seeing the same trade from many angles! Likewise, it's very good that he highlights key points that a reader should not miss.
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