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Strategies & Market Trends : Waiting for the big Kahuna
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To: kas1 who wrote (35667)12/27/1998 7:51:00 AM
From: William H Huebl  Read Replies (2) of 94695
 
Kas1,

I thought Barbara Barry had a prediction in there of a high of 9,300 and I don't remember the rest... gotta go through my records.

As far as scoring, here is the formula I propose:

Score = ( ( 4 x ( pred Close - actual Close ) ^ 2 +
( pred High - actual High ) ^ 2 +
( pred Low - actual Low ) ^ 2 ) / 6 ) ^ .5

My rationale is that the close involves both time and price and has 2 degrees of freedon and thus 4 times harder to predict than either the high or low. What do you think? (Probably won't change anything but make my ranking much worse... but what the hey!)

Yeah, lets do it again for next year! And thanks for the great idea.

Bill
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