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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: rgjack who wrote (58254)	11/1/2002 9:49:18 AM
From: velociraptor_	Respond to of 209892

FWIW, measuring distance and percentage gains like that is completely inaccurate as data because the start and end frame is purely coincidental and fixed. The DOW made a move off the July low to the end of the month of roughly the same percentage. It just happened that the month started at a higher level. If you arbitrarily move the monthly period to start on the 15th of each month and go to the 15th of the next then the July to Aug period becomes a whopper of a period in terms of an advance with the DOW gaining almost 20% and the Sept Oct period becomes flat with practically no change at all. You can pick any date in the month as a start point and come up with 30 different points of analysis. To choose the 1st of the month just because it is the first of the month eliminates 29 potential data points.