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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: cardcounter who wrote (30596)	8/5/1998 11:15:00 AM
From: yard_man	Read Replies (1) \| Respond to of 132070

OK 3. is somewhat new. 4. is questionably new. The other two are old news. I still say where's Ralphie been? He's a lagging indicator in my book.

To: cardcounter who wrote (30596)	8/5/1998 1:25:00 PM
From: Michael Bakunin	Read Replies (3) \| Respond to of 132070

> stats..didn't interest me to the extent that my stats prof failed > to apply stats to the casinos and quantitative stock modeling I recommend a good course in game theory, which should get you to swear off almost every form of casino gambling, as well as more obvious idiocies like lotteries. It turns out, no surprise, that you're better off not playing in almost every case. Further, I humbly suggest you apply those stats yourself. There is lots of basic work you can do. Then, a quick search on your library's databases will turn up articles like Antoniou, Ergul, Holmes, Priestly, "Technical analysis, trading volume and market efficiency: Evidence from an emerging market", Applied Financial Economics v7, n4 (Aug 1997):361-365 (note: I have not read this, but use it as a motivational example). Abstract: Although there is widespread belief that stock markets are weak-form efficient, technical analysis is a pervasive activity. A study examines the extent to which this apparent paradox can be explained by conditioning the past sequence of prices on the past sequence of volume. A unique data set from an emerging market (Turkey) reveals that, for a number of companies in the sample, returns appear to conform to the weak-form version of the efficient markets hypothesis. However, when returns are conditioned on past levels of volume, current returns on over half of these companies exhibit predictability. This is particularly true from companies with low trading volumes. Best of luck, mb