Mesa 2e

In this highly anticipated second edition of MESA and Trading Market Cycles, MESA pioneer John Ehlers updates his theories and makes them even more accessible to the entire trading community. Completely revised to reflect the most current developments in MESA-a well-known computerized analysis tool designed to trade market cycles-this Second Edition reveals more of the inner workings and hidden mechanisms of MESA, while showing you how to successfully apply it in the stock, options, and futures markets.

Topics discussed include:
* The Sinewave Indicator and the Instantaneous Trendline
* Making standard indicators adaptive: Commodity Channel Indicator (CCI), Relative Strength Indicator (RSI), and Stochastic Indicator
* Developing highly effective automatic trading systems using MESA-measured cycles
* Stock market systems
* EasyLanguage programming code that allows you to make the leap from theory to practice with ease
* And much more

If you are looking for a proven strategy to increase your chances of correctly predicting trends and making successful trades, look no further. MESA and Trading Market Cycles, Second Edition provides the expert knowledge, tools, and guidance that will enhance your probability of successful trades and increase your bottom line.

Ehlers (president, MESA software) explains how his Maximum Entropy Spectrum Analysis (MESA) program can be used to analyze market cycles in economics for the purpose of investing. After reviewing the history of cycles, he discusses the solutions to the Drunkard's Walk problem, which is related to the trend mode and cycle mode of the market. Techniques are presented on how to excise specific cyclic components and minimize lags. The ways MESA interprets these components is then demonstrated. Annotation c. Book News, Inc., Portland, OR (booknews.com)

JOHN F. EHLERS received his BSEE and MSEE from the University of Missouri and did his doctoral work at the George Washington University, majoring in fields and waves and minoring in information theory. A private trader since 1976, he is currently President of MESA Software (www.mesasoftware.com) and has also written Rocket Science for Traders (Wiley) as well as numerous articles for Futures and Technical Analysis of Stocks & Commodities magazines. He has now expanded the scope of his contributions to technical analysis through the application of scientific digital signal processing techniques.