Posted by sschulman on 14th of Sep 2011 at 07:24 pm
So does Richard Russel place a lot of value on Lowry? Does
anyone know their track record. I hadn't heard of them so
found their website. Here's cutpaste of what they do, which I can't
tell if that would be long-term or short-term forcasting.
Our work is based on daily Price Change/Volume statistics of all
stocks traded on the New York Stock Exchange and NASDAQ Stock
Market. These tabulations are compiled each day that the Markets
are open and provide the statistical foundation for our Supply vs.
Demand analysis of market trends.
Posted by lessarda on 14th of Sep 2011 at 11:40 pm
and a few months ago was saying that no bear market had ever
started from where the Lowry buying power and selling pressure
readings were then. But now that they are to a sell point, Russell
basically ignored the signal today, saying that one "can't be
bearish" until the Dow cracks below 10K again.
His 'trusty PTI' has also been negative recently for the first
time since 2009 and he is mostly ignoring that too. But what he
thinks & writes day to day is tied to his changeable moods. He
hasn't mentioned Dow Theory more than a few times in the past
months, which is supposed to be his focus. Not a rant, but he
didn't trust his bullish PTI on the way up and now he's almost
bullish as it wavers around the 0 mark. Just shows how hard it is
to trust the numbers.
All he really trusts is gold, gold, gold, and he's been right on
that for a decade, like Shilling has been right for 30 years on the
30 year treasury. Have to credit them both on those calls.
Russell puts alot of credence in what they say and they were
bearish during the last debacle that took us down to 666 in
sp500...i don't know how bearish they are now, i'm not saying it's
incredibly bearish, just that their indicators JUST turned
bearish...
Posted by hamvestor on 14th of Sep 2011 at 07:26 pm
My recollection is that they have a good record, and I seem to
recall that Lowry won a Nobel Prize for Economics for his modeling,
or something along those lines.
Lowry's issues sell signal today...from Russell
Posted by 8899 on 14th of Sep 2011 at 05:21 pm
Note -- Lowry's Selling Pressure index has risen far enough so that Lowry's has issued a
sell signal for its subscribers.
Very well respected analysts, very
Posted by john9o9 on 14th of Sep 2011 at 08:49 pm
Very well respected analysts, very well known.
Lowry's
Posted by sschulman on 14th of Sep 2011 at 07:24 pm
So does Richard Russel place a lot of value on Lowry? Does anyone know their track record. I hadn't heard of them so found their website. Here's cutpaste of what they do, which I can't tell if that would be long-term or short-term forcasting.
Our work is based on daily Price Change/Volume statistics of all stocks traded on the New York Stock Exchange and NASDAQ Stock Market. These tabulations are compiled each day that the Markets are open and provide the statistical foundation for our Supply vs. Demand analysis of market trends.
Russell often cites Lowry as a key input...
Posted by lessarda on 14th of Sep 2011 at 11:40 pm
and a few months ago was saying that no bear market had ever started from where the Lowry buying power and selling pressure readings were then. But now that they are to a sell point, Russell basically ignored the signal today, saying that one "can't be bearish" until the Dow cracks below 10K again.
His 'trusty PTI' has also been negative recently for the first time since 2009 and he is mostly ignoring that too. But what he thinks & writes day to day is tied to his changeable moods. He hasn't mentioned Dow Theory more than a few times in the past months, which is supposed to be his focus. Not a rant, but he didn't trust his bullish PTI on the way up and now he's almost bullish as it wavers around the 0 mark. Just shows how hard it is to trust the numbers.
All he really trusts is gold, gold, gold, and he's been right on that for a decade, like Shilling has been right for 30 years on the 30 year treasury. Have to credit them both on those calls.
Lowry's
Posted by sethbru on 14th of Sep 2011 at 11:36 pm
I follow Jeffrey Saut (he is very good and level-headed) and he places a lot of value on this Lowry's indicator.
Lowry
Posted by 8899 on 14th of Sep 2011 at 07:38 pm
Russell puts alot of credence in what they say and they were bearish during the last debacle that took us down to 666 in sp500...i don't know how bearish they are now, i'm not saying it's incredibly bearish, just that their indicators JUST turned bearish...
I subscribe to Lowry's and
Posted by sobrien on 14th of Sep 2011 at 08:11 pm
I subscribe to Lowry's and they have said the current rally is weakening and more than likely we'll revisit the August lows.
My recollection is that they
Posted by hamvestor on 14th of Sep 2011 at 07:26 pm
My recollection is that they have a good record, and I seem to recall that Lowry won a Nobel Prize for Economics for his modeling, or something along those lines.
Which index? Did you mean
Posted by frtaylor on 14th of Sep 2011 at 06:45 pm
Which index? Did you mean on the Russell?
Richard Russell from Dow Theory
Posted by Tradeanimal on 14th of Sep 2011 at 06:56 pm
Richard Russell from Dow Theory Letter