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Gaius wrote:
<<Sunday NY Times Business Section has an article on page 12 that
essentially
endorses the Dow Theory.>>
Linda Raschke seems to like Dow Theory too. In an article titled "Back to
the Future" in this month's Futures magazine, she says: "... you'll be
surprised at how much of the theory that was developed years ago is
applicable today."
All the best,
The Omega Man
-----Original Message-----
From: Gaius Marius <maximus@xxxxxxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Sunday, September 06, 1998 11:10 AM
Subject: NY Times Business section: Dow Theory
Sunday NY Times Business Section has an article on page 12 that essentially
endorses the Dow Theory. Says that on a risk adjusted basis, it outperforms
the S&P, according to academics in the "Journal of Finance".
Last year, 2 academics did a study for the Federal Reserve that validated
the "head and Shoulder" pattern.
I wonder, what ever happened to the efficient market theory as espouse by "A
Random Walk down Wall St." and the "modern" portfolio theory? Any notable
body out there still peddles the "modern" portfolio theory, besides the
business schools?
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