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I met someone many years ago who was in the securities
business. I have stayed in touch with him for
almost 30 years. He has written often for Barron's,
broadcast for NPR, and wrote the book, The Smart Money,
published by Doubleday. He advised mutual funds, banks
and corporations for 35 years as to stocks and the
market itself. He retired last year and now makes a
living trading the market.
He applies scientific principles, using statistical
evaluation of indicators. He traded futures for three
years while developing his methods, and still does the
research on them and on potential new tools, for over
30 hours a week. He has been trading mutual funds for
over two years and has had over 30 winning trades
and 5 loosing trades. He holds a position for 1 to 3
days and will on rare occasion hold for up to 10
days. He still advises a former president of a mutual
fund group and a bank. He does NOT seek new clients.
I will post his thoughts here from time to time.
His current thoughts are: We have gotten a signal
which has been vigorously back tested which indicates
that the market will be higher 4 week from now. Very
short term (4 - 5 days) is also bullish.
See how he applies science to other areas by visiting: www.healthbulletin.org
Norman E.
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