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Strategies & Market Trends : Point and Figure Charting

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To: Ben Antanaitis who wrote (761)2/17/1998 1:29:00 PM
From: Ms. X  Read Replies (2) of 34813
 
Hi Ben,
I put the question in as you had written it:

<RE: 100 minimum stocks in a sector
From what I've read of Tom's writings, I have not seen a specifically defined reason for the number 100.
Statistics theory, the central limit theorem specifically, says that a population only has to be greater than ~30 members to allow that population to be treated as having a normal distribution and all that that implies. From observing some of the key percentage points that Tom uses, it appears that these coincide with some of the key percentage points of the normal distribution. Ben A.>

Should it be asked differently?

Jan
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