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W$W Elves, Beating the S&P 500
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Bill Tuthill
Mar 28, 1986, 6:22:43 PM3/28/86
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On last Friday's edition of Wall $treet Week, Bob Nurock's elves
lowered their technical market index to -5, one short of a sell
signal. The week after, the DJIA and the S&P 500 both surged to
record levels. Has technical analysis become so mainstream that
it can no longer beat the market?
lowered their technical market index to -5, one short of a sell
signal. The week after, the DJIA and the S&P 500 both surged to
record levels. Has technical analysis become so mainstream that
it can no longer beat the market?
Speaking of beating the market, how many people who buy and sell
for themselves (rather than relying on mutual funds and investment
advisors) manage to beat the performance of the S&P 500? Most
investors I know come up a bit short, although they enjoy reading
the Wall Street Journal and Barrons in their spare time.
Bill Tuthill
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