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Strategies & Market Trends : The Great Coin Toss Experiment II
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To: Jorj X Mckie who started this subject5/31/2003 10:39:53 AM
From: Steve Felix  Read Replies (2) of 188
 
<He said that I couldn't beat a coin toss.>

Dude, what do you have to pay him?

Question. Do you think being able to predict daily market direction is in
any way important to individual investors that do their own stock selection?

Personally I don't think there is much of a correlation. Yes you will see the
pundits say that market direction controls 70% of a stocks price. But that is
in very broad terms. I was expounding on this elsewhere.

<Dude, why do you want to own the market? The issue is individual stocks.
Here is an example. I put up a weekly chart of the Nazcomp. I overlaid a chart
of LH to get it's relative value to the Nazcomp.

On 3/10/2000 the Naz closed at 5048.62 LH relative value was 1853
On 9/1/2000 the Naz closed at 4234.33 LH relative value was 5633
On 5/10/2002 the Naz closed at 1600.85 LH relative value was 9344.67

So if you shorted the Naz on 3/10/2000 you would have been up 68%.
If you went long LH on 3/10/2000 you would have been up over 500%.>
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