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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.09+1.8%Nov 28 9:30 AM EST
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To: Tommy Dorsey who wrote (64629)1/26/2000 8:36:00 PM
From: RocketMan  Read Replies (1) of 152472
 
I know it is not a pure random walk, I should have said a random walk with a trend. If you remove the trend you wind up with a first order autoregressive process, a random walk. At least this is what I remember from my old time series courses. However, I have always suspected this is only true for indices that conform to the law of large numbers, and only partially true for individual stocks. I do follow a little bit of TA and find it useful. Point me to the P%F thread, I'm always willing to learn.
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