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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.53-1.5%Nov 20 4:00 PM EST

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To: Les H who wrote (62390)11/13/2000 1:06:14 PM
From: KymarFye  Read Replies (1) of 99985
 
Les, I don't get anywhere near 4 standard deviations from 20 weekly on Nasdaq in March, though close in '98. On the dailies I see a crossing on April 4 (Wack Tuesday). Appears to have actually closed there once or twice over the last fifteen years...

Also, what's the percentage probability for a 4th standard deviation? My references go only to 3 - already supposed to comprehend 99.73% of the data, no?

BTW, doesn't look like such a good snapback formula in any event (weekly, daily, near miss or actual cross) -- I emphasize don't see enough data to draw reliable conclusions, but seems to graph more like the rubber band breaking than stretching.
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