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Unlocking the Secrets of Trader Vic: A Comprehensive Review of Victor Sperandeo's Methods of a Wall Street Master
For Victor Sperandeo's definitive work, "Trader Vic: Methods of a Wall Street Master", you can find digital versions and core insights through the following reputable sources: Where to Read or Download
Sperandeo dedicates significant portions of the text to the psychology of the trader. He notes that the "market is a mechanism of transfer" where money moves from the impatient to the patient. He argues that the greatest enemy to the trader is their own ego.
Using his Dow Theory readings, Sperandeo noticed a "non-confirmation" in the transports against the industrials weeks before the crash. More importantly, he applied his "Sperandeo Breadth Rule" : When the number of stocks making new highs declines while the index rises, a violent reversal is imminent.