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(FOOL GLOBAL WIRE) LEXINGTON, KY. (October 29): Okay, it's official. MF DowMan is now confirmed as a contrary indicator for the market. Every time I introduce a new growth-stock model here on The Fool, it immediately takes a nose-dive. For those of you around last fall, you know what I mean after Investing for Growth was announced. Immediately the entire technology sector, with the semiconductors leading the way, headed directly south, taking the model and many IFG followers, with it (including me). Frankly, it still hasn't recovered completely from the pasting. And now IFG and the new Unemotional Growth model are both taking a licking as technology stocks slump again in the final months of 1996. Today was typical, with tech stocks slumping impressively in the midst of a fairly strong bond and blue chip rally. So, you've been warned. Always look for an immediate weak performance any time I come up with what seems like a good idea. (I wish I could say it was because the market makers and the Wall Street pros were manipulating the stocks pointed to by my model, but realistically, I'd bet 98% of them would say, "DowMan who? Unemotional What? Get outta my face!" But our area did finally get noticed by the mainstream press today. Jon Markman of the Los Angeles Times wrote a piece in today's paper about these new models, the first such mention of our collaborative efforts in the traditional media (except for the article Tom Gardner wrote in his Smart Money column in August). If you care to read it, just click the link here. It doesn't feed very well using AOL's browser, though. I trust it's better using Netscape's Navigator. |
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