{"product_id":"the-janus-factor-isbn-9781118087077","title":"The Janus Factor","description":"\u003cb\u003eTap into feedback loops to unravel market trends and discover profitable trading opportunities\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eThe Janus Factor\u003c\/i\u003e presents an innovative theory that describes how feedback loops determine market behavior. The book clearly shows how the theory can be applied to make trading more profitable. The metaphor of the two-faced god Janus is used to reflect alternating market environments, one dominated by trend followers and the other by contrarian bargain hunters.\u003c\/p\u003e \u003cp\u003eIn this book, author Gary Anderson puts forth a systematic view of how positive and negative feedback drive capital flows in the stock market and how those flows tend to favor either sector leaders or sector laggards at different times.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDiscusses how to find better performing stocks\u003c\/li\u003e \u003cli\u003eOutlines when and how to use momentum strategies for big profits\u003c\/li\u003e \u003cli\u003eAddresses when and how to use contrarian strategies\u003c\/li\u003e \u003cli\u003eGary Anderson is the winner of the 2003 Charles H. Dow Award, presented by the Market Technicians Association\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIntellectually challenging and highly practical, \u003ci\u003eThe Janus Factor\u003c\/i\u003e offers insight into market behavior and new methods for capturing stock market trends.\u003c\/p\u003e \u003cp\u003eThe Janus Factor vii\u003c\/p\u003e \u003cp\u003eIntroduction xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Foundations 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSerendipity 2\u003c\/p\u003e \u003cp\u003eThe Data Set 5\u003c\/p\u003e \u003cp\u003eReasons and Causes 6\u003c\/p\u003e \u003cp\u003eBefuddled 7\u003c\/p\u003e \u003cp\u003eWhich Way is Up? 9\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Assignment 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasuring Risk: Offense and Defense 14\u003c\/p\u003e \u003cp\u003ePicturing Offense and Defense 17\u003c\/p\u003e \u003cp\u003eThe Benchmark Equivalence Line (BEL) 19\u003c\/p\u003e \u003cp\u003eThe Trend of Relative Performance 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Feedback and Capital Flow 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFeedback 28\u003c\/p\u003e \u003cp\u003eFeedback and Capital Flow 31\u003c\/p\u003e \u003cp\u003eCalculating Relative Strength 37\u003c\/p\u003e \u003cp\u003eThe Relative Strength Spread 39\u003c\/p\u003e \u003cp\u003eTrend Followers and Contrarians 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Janus Factor 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStructure and Entropy 46\u003c\/p\u003e \u003cp\u003eConfidence 47\u003c\/p\u003e \u003cp\u003eIs the Market Predictable? 48\u003c\/p\u003e \u003cp\u003eBalancing Acts and Paradigm Shifts 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Seasons of Success 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Venturi Effect 58\u003c\/p\u003e \u003cp\u003eThe Relative Strength Spread and the Performance Spread 61\u003c\/p\u003e \u003cp\u003eGroup Studies 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Why Jesse Went Broke 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Cotton King 74\u003c\/p\u003e \u003cp\u003e1911_1914 75\u003c\/p\u003e \u003cp\u003eThe Final Years 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Sheep Dogs and Other Contrarians 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Sheep Dog Effect 85\u003c\/p\u003e \u003cp\u003eA Contrarian Hedge? 87\u003c\/p\u003e \u003cp\u003eThe Contrarian Rebound 88\u003c\/p\u003e \u003cp\u003eThe Contrarian Collapse 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Situational Awareness 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBielema’s Choice 101\u003c\/p\u003e \u003cp\u003eThe Bet 106\u003c\/p\u003e \u003cp\u003eLet Us Calculate! 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 The Direction of Momentum 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRelative Momentum 117\u003c\/p\u003e \u003cp\u003eRelative Momentum versus Relative Strength 123\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Long Strategies 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Critical Moving Average 127\u003c\/p\u003e \u003cp\u003eThe DOM Strategy 129\u003c\/p\u003e \u003cp\u003eContrarian Threats 130\u003c\/p\u003e \u003cp\u003eA Defensive Long Strategy 133\u003c\/p\u003e \u003cp\u003eIt’s a Bull Market, You Know 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The Complete Strategy 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCombined Long and Short Strategies 139\u003c\/p\u003e \u003cp\u003eThe Model Portfolio 141\u003c\/p\u003e \u003cp\u003eExecution 143\u003c\/p\u003e \u003cp\u003eAppendix 149\u003c\/p\u003e \u003cp\u003eAbout the Author 163\u003c\/p\u003e \u003cp\u003eIndex 165\u003c\/p\u003e  \u003cp\u003e“The Janus Factor is an entertaining and learned discourse on the stock market.  Anderson’s explanations of complex subjects, such as entropy and feedback, are superb, and his Janus method introduces many intriguing concepts that he tests for improved profit performance. It’s an excellent, well-written, and informative book that ends with specific methods to help you manage your portfolio.  You won’t be able to put it down.”—\u003ci\u003e\u003cb\u003eCharlie Kirkpatrick\u003c\/b\u003e\u003c\/i\u003e, \u003cb\u003eco-author of \u003ci\u003eTechnical Analysis\u003c\/i\u003e and author of \u003ci\u003eBeat the Market\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“For the past 30 years computers have aided the masses to push a button to become hopeful experts in technical analysis of investment markets. This powerful software revolution has almost single handedly replaced original thinking and innovation in the field of market analysis. I have followed Gary’s unique and insightful work for many years. In The Janus Factor Gary describes in wonderful detail his methodology which can be found nowhere else. This work is a one of a kind lesson on what drives markets and profits.”—\u003ci\u003e\u003cb\u003ePeter Mauthe\u003c\/b\u003e\u003c\/i\u003e\u003cb\u003e,\u003c\/b\u003e \u003cb\u003eChief Implementation Officer\u003c\/b\u003e\u003cb\u003e, Mauldin Companies\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eGARY EDWIN ANDERSON\u003c\/b\u003e is a principal of Anderson \u0026amp; Loe, providing stock market consulting and advisory services to an international clientele of professional asset managers, including banks, mutual funds, hedge funds, and financial advisors. A well-known technical analyst, Anderson won the 2003 Charles H. Dow Award from the Market Technicians Association for his paper on feedback loops in the stock market. Anderson's work has been featured in \u003ci\u003eBarron's\u003c\/i\u003e, and he has been published in \u003ci\u003eTechnical Analysis of Stocks \u0026amp; Commodities\u003c\/i\u003e. In addition, he publishes a weekly commentary, \u003ci\u003eEquity Portfolio Manager\u003c\/i\u003e, and is the primary author of Trader's Boot Camp (tradersbootcamp.com), an online educational service.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTo A Trader,\u003c\/b\u003e some profits may seem to come more easily than others. There is a reason for this—known as the Janus Factor—and it’s the single most powerful influence on your trading results.\u003cbr\u003e \u003cbr\u003e Nobody understands this better than author Gary Edwin Anderson--a thirty-five-year market veteran and winner of the 2003 Charles H. Dow Award from the Market Technicians Association. And now, with \u003ci\u003eThe Janus Factor\u003c\/i\u003e, he shares his extensive insights on this important topic with you.\u003cbr\u003e \u003cbr\u003e Janus was the Roman god of gates and doors and was represented by two opposing faces, suggesting the two-sided nature of things. Here, Anderson uses the metaphor of Janus to explain the dual nature of the markets and how the markets vacillate between two different environments: one which is dominated by trend followers and the other by contrarian bargain hunters.\u003cbr\u003e \u003cbr\u003e As Anderson addresses how to recognize these shifts--which will put you in a better position to improve your odds of success from market to market--he also offers a systematic view of how positive and negative feedback loops drive capital flows in the stock market. With a firm understanding of how those flows tend to favor either sector leaders or sector laggards at different time, you'll not only be better equipped to find the market's high-probability sweet-spot, but you'll also discover how to avoid low-probability trades. Along the way, Anderson also shows you what it takes to compute \"The Spread,\" which he considers a trader's ultimate risk-management tool.\u003cbr\u003e \u003cbr\u003e Whether you're a new trader or a seasoned pro, \u003ci\u003eThe Janus Factor\u003c\/i\u003e has what you need to succeed. Filled with valuable insights into market behavior and new methods for interpreting stock market trends, this reliable resource will help you enter the market with confidence and exit with profits.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eTO A TRADER,\u003c\/b\u003e some profits may seem to come more easily than others. There is a reason for this—known as the Janus Factor—and it's the single most powerful influence on your trading results. \u003c\/p\u003e\u003cp\u003eNobody understands this better than author Gary Edwin Anderson—a thirty-five-year market veteran and winner of the 2003 Charles H. Dow Award from the Market Technicians Association. And now, with \u003ci\u003eThe Janus Factor\u003c\/i\u003e, he shares his extensive insights on this important topic with you. \u003c\/p\u003e\u003cp\u003eJanus was the Roman god of gates and doors and was represented by two opposing faces, suggesting the two-sided nature of things. Here, Anderson uses the metaphor of Janus to explain the dual nature of the markets and how the markets vacillate between two different environments: one which is dominated by trend followers and the other by contrarian bargain hunters. \u003c\/p\u003e\u003cp\u003eAs Anderson addresses how to recognize these shifts—which will put you in a better position to improve your odds of success from market to market—he also offers a systematic view of how positive and negative feedback loops drive capital flows in the stock market. With a firm understanding of how those flows tend to favor either sector leaders or sector laggards at different times, you'll not only be better equipped to find the market's high-probability sweet-spot, but you'll also discover how to avoid low-probability trades. Along the way, Anderson also shows you what it takes to compute \"The Spread,\" which he considers a trader's ultimate risk-management tool. \u003c\/p\u003e\u003cp\u003eWhether you're a new trader or a seasoned pro, \u003ci\u003eThe Janus Factor\u003c\/i\u003e has what you need to succeed. Filled with valuable insights into market behavior and new methods for interpreting stock market trends, this reliable resource will help you enter the market with confidence and exit with profits.\u003c\/p\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":47990271082725,"sku":"NP9781118087077","price":75.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118087077.jpg?v=1761787145","url":"https:\/\/k12savings.com\/products\/the-janus-factor-isbn-9781118087077","provider":"K12savings","version":"1.0","type":"link"}