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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: NickSE who wrote (76428)	11/19/1999 5:27:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

A great read at: economeister.com (Courtesy Les H. on the MDA thread) <<From time to time, we have mentioned the "Norton Rule" of trading. Dave Norton was a heavy hitting trader from Texas who said that no market goes the same direction for more than 7 days in a row. In the past 30 years, sources say this rule has been broken in only about 15 cases. Interestingly, the Nasdaq closed higher 8 days in a row from Oct 28 through Nov 8. The Hong Kong Hang Seng rose 9 days in a row as of last night's close. And the French CAC 40 rose 12 days in a row from late Oct to mid Nov. More head scratchers atop all the others for 1999. >>