He says “The main reason the American and European Banks suffered heavily losses and there by triggering the World Wide Recession of 2008 was due to their lack of understanding of risk and exposure or their inability or unwillingness to set financial safeguards to limit their over exposure to market conditions. Furthermore they had no models to show when the market would peak and when it would bottom out.”
The book explains that economies and markets are in constant oscillation and hence it is possible to forecast when the stock market would peak and when they would bottom out. The author shows several simple techniques, which can be used by visual inspection, to determine when the next market top and market bottom will occur. He does explain the advantage or need for such techniques especially if you are an investor and shows an example of 3600% return on investment within 3 years.
Furthermore, the author explains that when examining charts to look out for certain long term patterns to help the reader visualize the stock market trends. An important topic not covered by many books and courses is how to determine your cut loss position. This is the point at which you need to get out of the stock market if the market goes against you.
The publisher, Peter Publishing, is promoting their book through social network sites such as Facebook and Google+. If you are a Facebook user you can get massive discounts for the book when you inform your friends through the Facebook App at http://apps.facebook.com/