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The only (fortunately there has not been more) data point we have is January 28, 1986. The day was an up day and the low of the day was the open, which was equal to the close from the day before. Not only that, the open, 207.40 on the S&P, was never seen again, even during the 87 crash or bear...

What happened to your system since March, 2000. My guess is buying stocks at their 52 week highs hasn't worked out so well since then.

I'm not sure I understand what you mean. There are hundreds of hedge funds with the data, brains, and computing power to crank out these anomalies all day long. Where's the edge that one can have? I'm not being critical, just curious.

question: given the 10,000 professionals trying day and night to analyze price data for anomalies worth trading, what edges can one possibly have over such a group?

Make your own decision BUT if I were you I would definitely definitely go out on my own. A Wall Street job is the most demeaning, nonsensical job you can have and for what? So you can make 1M / year by the time you are 35 (if you are among the best, and as mentioned, among the most political)...

It doesnt sound like he's looking for a manager. it sounds like he just needs a legal administrator who lives offshore. I do offshore and onshore. I barely know the offshore administrator. Its not relevant to the trading whatsoever. The offshore and onshore accounts feed into whats called a...

if an outside/offshore manager is needed for administative purposes than any decent lawyer who specializes in hedge funds would hook you up. the fees are not that big, better than hiring someone full-time for it. Go to hedgefund.net and look it up.

Boy, sounds like a lot of fun! Its amazing more academics who get cushy salaries, lots of curious female students, and basically no expenses, don't want to sign up for that. Will irrational behavior ever stop !?!?

I hate to say it but this doesn't really make sense (alright, i guess I didn't hate it that much). Given the fact that most of the 4%+ up moves that have occurred in the NDX 100 since 1987 have happened since April 2000 how do you predict it will keep going where its going after one of those...

the problem is that most lawfirms i've spoken to insist on doing this paperwork. Plus if you have an offshore vehicle its sufficiently complicated that you have to splurge on the firm. Heck, if I could've avoided a lawfirm i would've.

When Buffett started his fund in the 50s he put $100 in it and worked out of his bedroom. The top size of his fund in year 1 was $100K but he still opened for business only one day of the year. The key to his success was never his money (like most people, he started with none) but his personality.

try papers.ssrn.com The big question, alluded to above, is is this a waste of time? My guess is no but its also clear that none of these academics are making alot of money by investing in stocks. That said, I think if you combine the results in some of these papers with whatever trading...

These threads keep coming up about scanning and backtesting and i don't really understand what the issue is so I would be happy if someone could explain. is anything even remotely close to Wealth-lab?

What's a bear market strategy? Value investing outperformed practically any other strategy, including shorting, in 2000 and 2001. And in the bull market, value investing basically sucked in 1998 and 1999. People tend to think bear market equals some sort of short and hold strategy. But if...

a. I haven't read Cooper's stuff on Real Money but apparently he has had a very hot hand and his move will be a loss. Then again, there are a lot of TA guys on Real Money: Smith, Fitzpatrick, etc and almost none currently on RM Pro. I liked Cooper's Hit and Run books but the best chapter in both...

IndexLab by Wealth-lab is the way to go. For instance, using IndexLab i was able to create an index, then create and plot an adv/decl line and backtest trades in the index based on how the adv/decl line was doing.

My question to you is: why did you name yourself after a guy who died practically bankrupt? How often do you really study the market and market history?

A lot of the patterns you mention won't work in the future because they don't work now. But, you might say, they work for me now! And the answer I would say is that you work for you now. Once you start adding stops, discipline, filtering on which stocks to apply the patterns, varying the...

a. the institutional money have no clue what they are doing. The last thing they are doing is getting together to form a game plan. They are trying to figure out if they should buy SPY to play the January Effect which happened two-three months ago. b. My guess (so give it < 50% chance) as to...

Tax-loss selling by institutions usually occurs in Sep/Oct. hence the October rally we saw. The fact is, most Januaries are positive. In fact, 70% of all years since 1870 have been positive. How about the "Annual Effect".