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Magic 8: The Only 8 Indicators You Need to Make Millions in the Markets [NOOK Book]
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PenguinKT
Posted November 6, 2010
Purchased this book privately in March, 2009. It is fantastic. Clearly and simply written and easy to understand. Field has set out 8 readily available indicators which update monthly. I had no trouble following his methods or logic. The indicators each produce a rating from 1 to 10, which is then combined to make a master level. You look that up on his table and the book tells you what stage of the economic cycle you are going into and what assets (stocks, bonds, commodities) to buy, hold, sell or short. It is amazing. Using the book, I called the bottom in April, 2009 and started buying stocks. Did real well. Bought copper and have a huge profit. I HIGHLY recommend this book. It is well worth the investment. Field's credentials are top notch and this book really delivers. I only wish he had written it 10 years ago. It is the best forecasting tool I have found in 20 years of trading the markets. BUY IT NOW and avoid all the others.
1 out of 1 people found this review helpful.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted November 3, 2011
This book promises to provide 8 indicators to make millions, but it does not even come close to delivering on the promise. The indicators listed, in fact, have nothing to do with technical analysis, but are the esoteric economic indicators relating to the overall economy. This book is definitely NOT recommended. A waste of money.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted November 3, 2011
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Overview
All markets follow cycles lasting between 7 and 10 years. Each cycle begins with a recession and peaks in a market boom before collapsing back to recession. Dr. Field has tested hundreds of economic indicators and discovered the 8 most reliable indicators for determining and predicting the economic cycle. These indicators are combined into a Master Indicator which has successfully predicted the last 5 market cycles. The indicator forecast recession in October, 2007, and accurately called the market bottom on April 1, 2009. Each of the 10 stages of the economic cycle are described in detail and specific recommendations are made of what sectors of the stock and commodity market should be bought, sold or shorted for maximum