The spelling might be incorrect but a man by the name of Harry or Henry Laubasuer used to be a technical anylist for Paine Webber. Laubasuer's Law was that if a stock closed above 90 it will go to 100. I don't know if he is still around or not but he was probably 90% correct on high quality equities. Thought you would find this of interest. The last time I saw Him was in NY in 1983. The philosophy still seems to work. Young Grandpa
Regarding that guy's "law" that if a stock closes above 90, then it will go to 100. I think you could take any stock and any closing price and you can safely predict that it'll hit a slightly higher price later on. This is all way too vague to even be close to a law, and not helpful enough to even be an investing rule-of-thumb. It's a lot like saying "If it's hot today, it'll be at least warm tommorrow."
You wrote:"The spelling might be incorrect but a man by the name of Harry or Henry Laubasuer used to be a technical anylist for Paine Webber...... The last time I saw Him was in NY in 1983."
If you can't spell "anylist", you probably can't spell Henry (wow! capital Him) Laubsauer either. And the last time I saw him he was sleeping in a box on a grate in the Bowery for coining stupid slogans.