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Strategies & Market Trends : Tech Stock Options
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To: Heg Heg who wrote (31175)12/14/1997 9:22:00 PM
From: j g cordes  Read Replies (2) of 58727
 
All good points Heg.. the numbers I use are illustrative as the market will always try to beat its own predictability. They are a simple binomial of eight consecutive closes for 255 trading days done by Kent Calhoun in Stocks & Commodities magazine. I agree with you that there are 'streaks,' and it would be interesting to me to know what the clustering is, perhaps a down day/up day distribution chart would show lumpiness around 3 days each side of center.

Jim
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