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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (5129)10/9/1998 10:59:00 PM
From: Shane M  Read Replies (1) | Respond to of 78666
 
>> If an up move is required by you, fine... but that has no bearing on being an effective value investor - either rationally (IMO) or in fact (per academic/empirical evidence). Or perhaps I am missing something? <<

Paul,

I think that Relative strength has a good bit of empirical support. (Yes, I'm gonna mention this again <g>) O'Shaugnessy's "What works on Wall Street" finds current price trends to be somewhat predictive of future price trends.

Shane