Product Review Power Ratings by David Penn
The very first interview I ever
did for Technical Analysis,
Inc., was with Samuel
Eisenstadt back in October
2000. At the time, Eisenstadt was research chairman, senior vice president,
and a director of Value Line, Inc.
What led me to interview Eisenstadt was
the success of the Value Line Ranking
System, an approach to measuring the
likely performance of stocks going forward
over the coming six to 12 months.
Said Eisenstadt during our conversation:
Youíre most bullish at a peak when
things look great and everything
couldnít be better, and youíre most
bearish at bottoms when it looks like
all hell is breaking loose. Those are the
emotions we really have to counteract.
We have a model weíve developed that
tries to do that, that determines our
invested position. That also is based on
quantitative approach and it determines
what our market position is going to be.
Itís unemotional. Often, it goes against
the market. When the market is falling
and the data is right, it may say itís time
to get in. Your emotions would carry