sounds interesting but as ron said, 75% winners in the last 15 months is about a market performance, i would guess most of us have had at least that win percentage, without a fancy algorithm to pick our stocks...it would be interesting to see if their performance on the warnings improves over time, as companies can mask underlying trouble for a while (i.e. TYC), but eventually it comes home to roost, so over time, if his system is on the mark, more of those warning stocks may work out
as to a new dow high in the next six months, color me pessimistic <g> actually, i don't want to see a move like that anyway, because then we would need a bunch of backing and filling, i'd much rather see a gradual ascent...my wishes aside tho, a move of 2000+ dow points by may seems unlikely
one thing he said coincides with some info i saw in another article, that being that while the s&p is way off its highs, an unweighted portfolio of the s&p stocks, with each stock given an equal position, rather than the way the index is weighted, would now be at an all time high, so whereas the big stocks skewed the averages to the upside in the late 90's, they have held the indexes back more recently...as such, the underlying market is actually much stronger than it appears
carl |
