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Channel Surfing: Riding the Waves of Channels to Profitable Trading (9781420833126): Michael Parsons: Books. Michael J. Parsons started trading in 1987 and following a series of losses embarked on a journey of research that has led to the development of several trading techniques based on a unique approach. By utilizing aspects of wave science he first developed what would later be called Reversal Magic, a time based method for predicting reversals. The accuracy and success of this method was astounding, but even astounding methods need some form of money management, resulting in the birth of Channel Surfing. He has continued to develop an emerging science of technical analysis with a price targeting method called Balance Magic. Today he continues to write about and research new methods of trading and maintains a web site at www.tradingcafe.com. Additional information on the various publications he has written can be seen at www.reversalmagic.com.

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