Thread: Russell/Dow Theory turns Bullish...

I was former subscriber to Russell but dropped him after seeing how poorly he called the market Like in 1999 when he told his subscribers to invest in gold stocks which went up 5 to 10 to 20 folds in just 4 years? Why don't you mention that too, or did you forget? - Oh Originally posted in thread: 1934

Yeah... I don't subscribe to Russell but I do pay attention (if I can get some free articles on his thoughts). I don't think you can assume that he, or anyone else, is going to be correct all the time. Russell has been more right than wrong (According to Mark Hulbert of HFD, he has the 2nd best performing newsletter--although this may be skewed towards the 70's and 80's). Even the analysts on Wall Street don't get...

I don't subscribe to any newsletter. The reason is that HFD has shown pretty clearly that it is really hard to be a consistently good long term performer. There are only a handfull that qualify in this area, and I guess I don't see even their value. But if anyone has any recommendations, I am willing to learn. Thanks. Originally posted in thread: 1934

Not bullish so much as neutral. He's been bearish on the market for the last 6 years. ANNANDALE, Va. (MarketWatch) -- Stop the presses! Richard Russell, editor of Dow Theory Letters, has turned "totally neutral on the stock market -- at least as to the secondary trend." I nominate this for the understatement of the year award. It actually represents a huge bullish turn for Russell, who has been almost exclusively bearish for six...

Doesn't seem like his prognostication is worth a damn, regardless of how he comes to his conclusions. Originally posted in thread: 1934

he's only 50/50 so far. This might be a good counter-indicator. Originally posted in thread: 1934

ran a piece saying that when the big bears - and it named Russell among them - turned bullish, and became the object of scorn, then it would be an indication that the bull rally was near its end. I was former subscriber to Russell but dropped him after seeing how poorly he called the market. Just last April I got a memo from him trying to entice me back to resubscribe and it showed a graph of the NYSE composite index and Russell's...