Subject: Re: A mechanical strategy
Wow - that brings back a memory! I read this book in the early 80s as a beginning investor, but at the time, trading costs were prohibitive to implement such a strategy. If I remember correctly, his method is a little convoluted, but you're right - it's a mechanical method to buy low and sell high. I don't think I'd want to try this with any individual stocks, but maybe with an index. It flies in the face of momentum investing, however.

I'll have to dig around and see if I can find my old copy.

Cathy