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07-07-2016, 07:18 PM
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#1
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Registered User
Join Date: Feb 2002
Posts: 10,861
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Martin Zweig method
FYI...
My colleague, Bill Ziemba, and I co-authored an article about Martin Zweig's stock market system. It was published by Taylor and Francis in their journal "Quantitative Finance Letters". The paper is included as a part of a series on stock market bubble predictions.
You can download it for free from this link:
http://www.tandfonline.com/doi/full/...2.2015.1165917
I have been a big fan of Martin Zweig's book, "Winning on Wall Street" and use his ideas to time the market. I update the "Zweig" system daily in order to keep in touch with the market.
I shared my Zweig forecasts with Dr. Z and he suggested we co-write a paper about it.
Some of you might be familiar with the book, "Dr. Z's Beat the Racetrack" written by William T. Ziemba, Ph.D. Dr. Z is a professor emeritus at University of British Columbia. He is an expert on stock market anomalies.
Marty Zweig published "Winning on Wall Street" in 1986. Dr. Z was interested to see if the Zweig system held up in this low interest rate environment.
The conclusion? It has.
Feedback appreciated.
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07-07-2016, 07:40 PM
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#2
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Quote:
Originally Posted by highnote
FYI...
My colleague, Bill Ziemba, and I co-authored an article about Martin Zweig's stock market system. It was published by Taylor and Francis in their journal "Quantitative Finance Letters". The paper is included as a part of a series on stock market bubble predictions.
You can download it for free from this link:
http://www.tandfonline.com/doi/full/...2.2015.1165917
I have been a big fan of Martin Zweig's book, "Winning on Wall Street" and use his ideas to time the market. I update the "Zweig" system daily in order to keep in touch with the market.
I shared my Zweig forecasts with Dr. Z and he suggested we co-write a paper about it.
Some of you might be familiar with the book, "Dr. Z's Beat the Racetrack" written by William T. Ziemba, Ph.D. Dr. Z is a professor emeritus at University of British Columbia. He is an expert on stock market anomalies.
Marty Zweig published "Winning on Wall Street" in 1986. Dr. Z was interested to see if the Zweig system held up in this low interest rate environment.
The conclusion? It has.
Feedback appreciated.
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This is not a comment on the book, just a remembrance of the Late Marty Zweig. A fellow technician that I greatly admired.
Before he was a panelist on Wall Street week, Marty wrote an excellent market letter. He once wrote: “Eee gads! the panel on Wall Street Week are all bullish, now must be the time to sell”.
Then, Marty became one of them.
RIP, Marty Zweig a great technician.
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07-07-2016, 08:25 PM
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#3
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Marty Zweig, "don't fight the fed."
I really liked his book, and I used to watch him on Wall Street Week.
I was watching the night he said the market would crash (1987).
Sure enough.
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07-07-2016, 08:38 PM
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#4
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Registered User
Join Date: Feb 2002
Posts: 10,861
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Quote:
Originally Posted by barn32
I was watching the night he said the market would crash (1987).
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We wrote about his appearance that night in our paper. He was white as a ghost!
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07-07-2016, 09:01 PM
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#5
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Quote:
Originally Posted by highnote
We wrote about his appearance that night in our paper. He was white as a ghost!
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I just read your paper. Quite interesting. I assume that you are using the Russell 2000 in place of the Value Line Index, but I could be mistaken.
Re: WSW When Rukeyser asked him what he thought would happen (I believe on Monday), Zweig actually used the word "crash."
I remember it vividly.
(Not exactly as I remembered it, but close. Around the 6:30 mark.)[YT="Crash"]2MyToTwag34[/YT]
[Ahhh, now I remember the name of the book I was going to ask you about. It was called the Donahue Signal, and he also used interest rates to time the market. My memory is vague, but I think it was a much simpler system and I believe he used mutual funds (not sure), and I've always wondered if his method was still effective.]
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07-07-2016, 09:12 PM
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#6
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Registered User
Join Date: Feb 2002
Posts: 10,861
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Thanks for the link. I have seen it, but a long time ago. It was good to see it again and reminded me what a great student of the market Zweig was.
Sometime in the 1980's Warren Buffett became very bullish and said there was going to be a huge bull market.
Anybody remember when Buffett said that?
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07-07-2016, 09:45 PM
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#7
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Registered User
Join Date: Apr 2014
Posts: 1,755
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I was a big fan of Marty Zweig. Another saying of his "the trend is your friend".
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07-07-2016, 10:23 PM
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#8
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Quote:
Originally Posted by barn32
Marty Zweig, "don't fight the fed."
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I often think about that comment today “Don’t fight the Fed.” The Fed wants inflation; sooner or later they will get it, in spades.
Buy gold!
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07-07-2016, 10:30 PM
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#9
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Veteran
Join Date: Aug 2005
Posts: 3,428
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Haven't read your paper. But, I'm more interested in your colleague.
Wasn't he working with Benter and/or Woods back in the '80's?
Did he ever apply Bayes inference to handicapping horses?
You should ask him to participate on this forum if he's still interested in horse racing.
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07-07-2016, 11:19 PM
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#10
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Registered User
Join Date: Feb 2002
Posts: 10,861
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Quote:
Originally Posted by whodoyoulike
Haven't read your paper. But, I'm more interested in your colleague.
Wasn't he working with Benter and/or Woods back in the '80's?
Did he ever apply Bayes inference to handicapping horses?
You should ask him to participate on this forum if he's still interested in horse racing.
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Dr. Z did some consulting with benter and woods back in the 80s. I believe it was Dr. Z who got Benter to publish a paper about the HK Betting Syndicate.
I don't know what all Dr. Z has done with handicapping. He has written a lot of papers on the subject and several books on handicapping.
I don't know if writing on this forum is his cup of tea, but I can ask him.
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07-07-2016, 11:21 PM
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#11
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Registered User
Join Date: Feb 2002
Posts: 10,861
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Quote:
Originally Posted by Tape Reader
I often think about that comment today “Don’t fight the Fed.” The Fed wants inflation; sooner or later they will get it, in spades.
Buy gold!
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Agree! I bought Hecla Mining (HL) last December at $1.50. It is now pushing $6.00. My big mistake was not buying a lot more shares!
I knew it was cheap at $1.50. The company has been around for 100 years!!
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