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To: Doug Fowler who wrote (63120)6/17/1999 3:34:00 PM
From: 16yearcycle  Respond to of 164684
 
Thanks. We did this on the amat board time and again and the averages ended up not too far off. It was usually a sudden move that took it into the range we had guessed at, surprising everyone after it looked like we were way off.

The other obvious phenomenon was that we would guess too low when the market was down and too high if we started the contest in a strong market.