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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: isopatch who wrote (29068)2/1/2002 1:02:21 PM
From: Paul Shread  Read Replies (1) of 52237
 
Iso,

Ken Lee says Kuperman's work is a real endorsement of his method, which had initially only looked at the Dow 30 and Value Line. Interestingly, it does not use earnings estimates at all; they are so volatile and so often wrong that they are almost completely worthless in predicting how a stock will perform. A rear-view window approach that works well (isn't TA using the past to predict the future anyway?).

Lee developed the method after the 1987 crash, when his clients lost a lot of money (he's an SSB broker). I don't know how he stumbled on it. One amazing find.

I like your idea on the glue bong method. I assume if you sat there and clicked refresh all day, you'd probably know when to buy for at least a pop. Not a bad idea at all.

Paul
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