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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (29068)	2/1/2002 1:02:21 PM
From: Paul Shread	Read Replies (1) \| Respond to 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