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To: John Malloy who wrote (43383)11/12/2000 10:40:34 PM
From: chic_hearne  Respond to of 77397
 
<Name one major market that has EVER got 5.5 standard deviations above the correlation >

The NASDAQ did earlier this year. See my post #43349.


I know, sorry for not being clear, name one other market that has ever got 5.5 standard deviations above the correlation.



To: John Malloy who wrote (43383)11/14/2000 6:41:41 PM
From: Monty Lenard  Respond to of 77397
 
John.

The only way to really verify your claim is to actually compute all the statistics and compute the probabilities. For example, look at Nasdaq over the past several years, compute its "mean" (and you need to define "mean", i.e. over what period, are we talking a 200 SMA, 30 EMA, etc) SD, and simply count how many times the Nasdaq went 5.5 SD above the mean and how many times it went below, etc etc etc.

THE SHORT OF IT IS that what you say may very well be true for some stocks, and not true for others, and it is very difficult to prove or disprove without putting some real statistics together.

Now prove me wrong by presenting some statistics rather than stuff like you presented the LU people when you told them what a good buy it was.

Monty