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To: jhg_in_kc who wrote (58436)	8/16/1998 1:29:00 AM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

jhg, cats are well known for their literary tastes. The proof is to be found in statuary outside of the Fifth Avenue library in New York City. Do you see a dog? no. Do you see a horse? no. You see a lion, which is a cat. Cats were responsible for the development of hieroglyphics, which of course explains why the Egyptians revered us so much. But a little known fact is that moveable type was invented by a cat. It seems that Gutenberg had a cat who was very bored. One day Gutenberg noticed his cat playing with spare pages of type. Well, the cat was having a tough time shifting all of those heavy heavy pages around, but finally managed to drop a page to the floor, whereupon it broke. The cat jumped down and began to reassemble those letters. The rest is history. You do realize that in addition to being a fan of James Joyce, this pussycat is named after the title character in Dickens' finest novel. The runner up name was Mr. Pecksniff, but I vetoed that idea. Is there any doubt that with such literary roots I should develop a reasonable vocabulary -- certainly better than your average bear! Cats are also known to have definite mathematical skills. You do know about catesian coordinates, don't you? But I digress. Stochastic (probably named after a cat -- originally referred to as Stowe catic -- a reference to an obscure statistician by the name of Stowe who took his best ideas from his cat, but that's another story ...) refers to a random event, like the result of a flip of the coin. In describing the stochastic nature of the market, I am referring to the fact that daily price movements are random and uncoordinated. I previously posted on this subject at some length when talking about runs, and how they are the result of random price movements but give the appearance of "momentum" much loved by TAers and other psychics. When I have time I will tell you how the entire body of classical music owes its existence and development to cats. By contrast, dogs are known for their more negative influences on society. You have heard of the "dogs of war" have you not? TTFN, CTC