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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (10391)11/28/1998 11:29:00 AM
From: james ball  Read Replies (4) | Respond to of 34809
 
Gottfried well said. The top Med and Bot are simply a statistical calculation of a normal distributon bell curve. The top is three standard deviations above trend where trend or the middle of the bell is med and bot is three standard deviations below trend. Think back to the old statistics 101 class. Remember however that the tails of the curve can go to infinity. It's simply a statistical guide. Tom Dorsey