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V.15:2 (101-111): A New Utility Average Stock Market System by Dennis Meyers, Ph.D.
V.15:2 (101-111): A New Utility Average Stock Market System by Dennis Meyers, Ph.D.
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A New Utility Average Stock Market System by Dennis Meyers, Ph.D.
This month, Meyers uses a daily indicator based on the Dow Jones Utility Average as a market timing system for the Standard & Poor's 500 index.
In the August 1995 STOCKS & COMMODITIES, I presented a stock market timing system that I called the utility stock market indicator. This system uses the weekly relative strength of the Dow Jones Utility Average (DJUA) to the Standard & Poors 500 index to derive a stock market system. The weekly model had a number of weaknesses that we will attempt to resolve. Before we start, remember: No model, no matter how simple or sophisticated, can be relied on to guarantee future profits. Positive performance based on hypothetical trading can in no way give any assurances that the system will produce profits. I must issue this warning because many readers simply take these systems without any study on their own and invest their assets blindly. There is nothing more dangerous.
This month, Meyers uses a daily indicator based on the Dow Jones Utility Average as a market timing system for the Standard & Poor's 500 index.
In the August 1995 STOCKS & COMMODITIES, I presented a stock market timing system that I called the utility stock market indicator. This system uses the weekly relative strength of the Dow Jones Utility Average (DJUA) to the Standard & Poors 500 index to derive a stock market system. The weekly model had a number of weaknesses that we will attempt to resolve. Before we start, remember: No model, no matter how simple or sophisticated, can be relied on to guarantee future profits. Positive performance based on hypothetical trading can in no way give any assurances that the system will produce profits. I must issue this warning because many readers simply take these systems without any study on their own and invest their assets blindly. There is nothing more dangerous.
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