MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (14512)	9/2/2002 12:13:21 PM
From: Killswitch	Read Replies (1) of 19219

Comments from Bronson regarding this article "Market timer Desmond sees more woes": story.news.yahoo.com "We first subscribed to Lowry's Reports in the mid -1960s, dealing directly Lowry, right after Desmond became an "apprentice." Soon thereafter we unsubscribed having developed better versions of their buy-sell rules, including their 90-90 rule. These improvement including, but are not limited to, using all exchange-traded common stocks only. Lowry ignored the speculatively important ASE in the late 60s, and Desmond, like the Economic Cycle Research Institute in their Weekly Leading Index, has made the same mistake by not incorporating the speculatively-important NASDAQ - I've personally discussed this with Desmond (see the LW archives). We also computing dollar volume, rather than often-misleading share volume. For example, I forewarned about this TA problem on LW before WorldCom trading recently set the highly-distorted share volume record. Furthermore, we have developed partial position buy and sell signals because manage money and cannot afford whipsaws, which don't adversely affect almost all newsletter writers with their "theoretical" buy-sell signals that coincidently suffer from "survivor bias." The terrorist attacks didn't "shock" our forecasting model (see the attached .gif file charts) and our resultant buy signal was posted on LW a few days before the 9/21/02 low and our last partial position sell signal warning was posted one day before the 1/6/02 market high. Our partial position buy and sell signals captured twice as much as Desmond's one buy and one sell signal did during that fully-predictable post-9/11 Policymaking Intervention (false, or bear-market only) Rally. Bob Bronson Bronson Capital Markets Research"

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