Product Review: The Wizard by Leslie N. Masonson
The Wizard offers self-directed investors an end-of-day investment decision-making and market timing system that provides specific buy and sell points for investments in four markets tracking over 9,000 stocks, 900 exchange traded funds (Etfs), 70 futures contracts, and 24 forex pairs. The entry and exit decisions are based on key support and resistance levels. The program also pinpoints high-probability trades in all these markets based on the simple concept of following the trend. Historical backtested and live data for the market calls for each investment vehicle provided is in a color-coded annual calendar format going back up to 20 years. The program indicates not only when to buy and sell, but also the exact price to do so, and the appropriate price for stops and target prices.
THE WIZARD HOME PAGE
Given that all we know is this program is based on trends, itís probably a good idea for the investor to first view the market trend on the home page (Figure 1). The next step is to select one of the three scan strategies to pinpoint viable stocks, either for going long or for shorting, with the exact entry and exit signals for execution in a brokerage account. MarketTrends, in the upper right corner of the screen, highlights both the short- and long-term trend of the Dow Jones 30, Standard & Poorís 500, Nasdaq 100, as well as the Russell 2000, the 10-year Treasury bond, and the US dollar.