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Technology Stocks : Micron Only Forum

MU 252.95

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To: Todd Thomas Davis who wrote (26688)	1/16/1998 12:51:00 PM
From: TREND1	Read Replies (2) of 53903

Todd I read a lot ! From "Evaluating Non-Strucural Measures of the Buiness Cycle" From a Federal Reserve publication. Jan 1998 Quote: "Hodrick and Prescott (1997) define the trend as that part of output which lies in a low-frequency band, and they use linear filters to extract measures of trend." ........................................................... Now let me translate: (1) Monthly trends are like super oil tankers ! (2) Daily trends are like little speed boats ! ........................................................... Kurlak is a speed boat driver ! ........................................................ Larry Dudash

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