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To: Stefan who wrote (45174)6/4/1999 6:34:00 PM
From: BGR  Read Replies (1) | Respond to of 86076
 
Stefan,

First of all, the data, indeed is quite random (it has some auto-regression and seasonality effects, but that is adjusted for). Next, the index is not always balanced on a monthly basis. Finally, given that, the first few lines of the URL that you have provided points out the weakness in your analysis (which a priori rejects short term trend). I quote:

People often talk about the Law of Averages. Usually, they are referring to something like the law of large numbers. That is, they mean that everything will eventually
"average out" or "what goes around, come around".

But: usually people feel that this averaging out will happen very quickly. This is just wrong, sorry!

Look at the coin flipping graphs again, it can take a long time for something simple to exhibit long run tendencies.


-BGR.



To: Stefan who wrote (45174)6/4/1999 7:24:00 PM
From: Haim R. Branisteanu  Respond to of 86076
 
Analysis of end of Day Closing prices and recommendations
in Rubins & Uncle Al Tulips Market - Drunken Bulls are still in control

This is the most effective list, but validate signals. Results
are relative to the SPX and move relative to the SPX - Haim
see more data & info at bway.net

Today is 06/04/99 Remember this is a computer scan only

S&P Closed 1327.75
S&P Change 28.210

Recomandation Price Stoch. RSI RSI RS
Change ROC%

BUY SIGNAL ON BK 34.812 24.272 42 0 55
BUY SIGNAL ON BZF 14.000 14.365 43 6 22
BUY SIGNAL ON BZL 4.688 10.909 41 0 224
BUY SIGNAL ON STK 20.000 18.939 43 0 1
BUY SIGNAL ON K 34.438 15.528 39 9 41
BUY SIGNAL ON OIL 11.688 16.667 47 -1 105
BUY SIGNAL ON TGG 6.562 25.926 44 6 19
BUY SIGNAL ON PIXR 39.625 12.500 42 1 22
BUY SIGNAL ON ECILF 35.500 22.388 48 8 0
BUY SIGNAL ON GTW 62.125 26.151 47 9 8
BUY SIGNAL ON XLF 25.000 20.800 44 5 420