Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 680.28

-0.5%

Dec 1 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Johnny Canuck who wrote (16436)	6/8/1998 10:47:00 AM
From: Lachesis Atropos	Read Replies (1) of 68496

Hi Harry, One other thing to be aware of is that some price distributions on stocks look like this: xx xxxx x xxxxxx x xxx xxxxxxxxx xxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx I do believe that MSFT has a similar distribution. (Notice the two bumps on the ends of the histogram) On such distributions the SD is not a valid measure. I have not looked at an Index distribution. If the stocks that make up the distribution are non-normal then it follows that the index would be non-normal, even though it may appear normal. The chaos man, "Fractal Market Analysis : Applying Chaos Theory to Investment and Economics (Wiley Finance Edition); Edgar E. Peters" has a good discussion on stock price distributions(in my opinion the book has limited value to a trader). >Do you anticipate some more write downs and layoff in the current Q then or has the bulk of that already happened? MCI had a major employee layoff in January, then smaller ones through to April. At a recent meeting, it was mentioned that MCI would beat Wall Street expectations and that they were already there. So I do not believe that MCI will be laying-off many more employees or at least not until WCOM gets a hold of them. The irony is that WCOM cannot hire enough employees and MCI is letting them go. Lachesis

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next