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I saw a change in stocks last august, my trades moved to an average of 5
days from about 5 weeks. There is money to be made but it comes in quick
jumps and pullbacks.
Richard Estes
-----Original Message-----
From: Chris Henderson <cjhenderson@xxxxxxxxxxxxxxxxxx>
To: Metastock List <metastock@xxxxxxxxxxxxx>
Date: Saturday, June 20, 1998 12:15 AM
Subject: Re: Times are a changing? Increasing volatility
>Guy Tann wrote:
>
>>We seem to be seeing increased volatility in our maket (S&P futures).
>
>This is, I think, reflected in equities too. At least from where I am
>trading (in outback Australia), there has been a marked increase in
>volatility in the market recently - no doubt because of a sense that the
>bull market is ending. But in fact the volatility change goes back to about
>1986.
>
>A while ago I did a study of the Australian All Ordinaries trends. Using
>the ZigZag indicator to pick out relatively short term trends, and then
>differentiating the result to show the rate of price change I found that
>from about 1986 onwards there has been increasing 'noise' in the market. I
>am attaching a chart of this which is quite interesting.
>
>Does this mean that the older TA indicators and trading methods have become
>less useful?
>
>
>
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