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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (4749)	10/1/2001 11:13:03 AM
From: John Pitera	Respond to of 33421

Hi Jon, Mark's article is on the upbeat side even if the value line analysts are too bullish -g- Value Line's analysts are consistently too bullish, according to studies conducted independently by Daniel A. Seiver, an economics professor at Miami University of Ohio and the editor of the PAD System Report, an investment newsletter, and Peter L. Bernstein, president of a consulting firm for institutional investors. Both studies found that the V.L.M.A.P. had its greatest historical accuracy when 50 percentage points were deducted from it.