Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1 6/24/83; site trwrba.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!gamma!epsilon!zeta!sabre!petrus!bellcore!decvax!ittatc!dcdwest!sdcsvax!sdcrdcf!trwrb!trwrba!suhre
From: suhre@trwrba.UUCP (Maurice E. Suhre)
Newsgroups: net.invest
Subject: WSW Elves
Message-ID: <1785@trwrba.UUCP>
Date: Mon, 13-Jan-86 12:21:00 EST
Article-I.D.: trwrba.1785
Posted: Mon Jan 13 12:21:00 1986
Date-Received: Wed, 15-Jan-86 08:23:24 EST
Organization: TRW EDS, Redondo Beach, CA
Lines: 22

The January 86 issue of the AAII (Am Assn of Individual Investors)
Journal has a two page article by Bob Nurock, designer and "chief elf"
of the Wall $treet Week Technical Market Index.  Lou Ruckeyser
refers to the index as the "elves", which is a play on the "Gnomes of
Zurich".  Quoting from the article:

	When the net balance of indicators equals plus five, a buy
	signal is given; when it equals a minus five, it registers
	a sell signal.

	Using this system, the Technical Market Index has had a 
	creditable record since 1974.  A recent study has proven it
	to be correct 81% of the time in forecasting the Dow Jones 
	industrial average 26 weeks in advance, and 97% of the time
	52 weeks in advance--both highly significant statistical
	readings.

Usual disclaimers.

Maurice

{decvax,sdcrdcf,ihnp4,ucbvax}!trwrb!suhre