as a quantitative analyst for a medium sized wall street brokerage firm, I felt inclined to throw my two cents in on this book - the strategy that this book details has been used on Wall Street for decades - there are trading desks on wall street who employ traders at several hundred thousand dollars per year to do the exact strategies that Farrell's book outlines - look at places like Goldman, DLJ, Prudential - for any reader to say that these strategies don't work is completely off the mark - just remember that if you are losing money, the person that took the other side of your trade made money....
i back-tested these strategies going back to 1997 on about 300 issues and found that there is a direct correlation between the interest rate environment, trading volume, and the profitability of the strategies Farrell outlines - conclusion: you will have made a TON of money doing this strategies in low volatility stocks over the last 3 years particularly in times when the interest rate scenerio was stable to declining -
if you are a get rich quick kind of person, this book is not for you - if you have patience and discipline, and follow the rules, you will make money using these strategies just as the specialist and wall street trading desks do -