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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (16456)	6/8/1998 4:05:00 PM
From: Lachesis Atropos	Read Replies (1) \| Respond to of 68506

Harry, re-post of 16448 I do believe that MSFT has a similar distribution. (Notice the two bumps on the ends of the histogram) On such distributions the SD is not a valid measure. I have not looked at an Index distribution. If the stocks that make up the distribution are non-normal then it follows that the index would be non-normal, even though it may appear normal. The chaos man, "Fractal Market Analysis : Applying Chaos Theory to Investment and Economics (Wiley Finance Edition); Edgar E. Peters" has a good discussion on stock price distributions(in my opinion the book has limited value to a trader-- too much theory and few practical applications). >Do you anticipate some more write downs and layoff >in the current Q then or has the bulk of that >already happened? MCI had a major employee layoff in January, then smaller ones through to April. At a recent meeting, it was mentioned that MCI would beat Wall Street expectations and that they were already there. So I do not believe that MCI will be laying-off many more employees or at least not until WCOM gets a hold of them. The irony is that WCOM cannot hire enough employees and MCI is letting them go (I do talk with WCOM friends in Tulsa). Lachesis