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Lionel and Mike,
The formula given in previous mail is the correct version.
Statistics for the Dow:
High: 9368
Current: 8109
Drop points: 1259 (9368 - 8109 =)
Drop perc.: 13.43937 % (1259 : 93.68 =)
The correct formula results:
(hhv(h,130)-c)/(hhv(h,130)/100)
(9368-8109) : (9368:100) = X
X = 1259 : 93.68 = 13.43937 %
Your formulas:
(hhv(h,130)-c)/(hhv(h,130)*100)
(9368-8109) : (9368x100) = X
X = 1259 : 936800 = X
X = 0.00134 %
(HHV(H,130)-C)/(HHV(H,130))*100
((9368-8109) : 9368)x100 = X
X = (1259 : 9368)x100 = X
X = 0.134 x 100 = X
X = 13.40000 %
Actualy the last drop to 7400(tech-correction so far) is very common(20%)
9368 - 7400 = 1968(= 21.00769 %)
Fasten seat belts tho, as there is more to come(Okt98)
A standard 25% tech.corr.(also the "C"-wave target for the moment)
9368 - 2342 = 7026(= 25.00000 %)
Small Worst Case-scenario(not as yet to be expected / clearly visable) but not to be excluded
9368 - 3272.48 = 5995.52(= 36.00000 %)
The last target could then well be a one day "intraday-panic-bottom". If, emphesis on if, such
is to happen, will be facing a very wide future(for the next couple of years) Trading Zone of
3000 points, with borders at 9000 and 6000.
However, today the US intrest-rate has been lowered by a mere tiny micro 0.25%, all in all
2 years too late and also far too less. Still leaving room for another 0.75% rate cut before the
elsewhere(Europe) more natural rate levels are being reached. This will put a big fat bottom
in the markets(an UP-presure). Though not in the US$ vs DM and YEN, wich now faces a big
DOWN presure(rate cuts will not atract investors in new to be introduced T-bonds) . Good
news for the US Exchanges but bad news for the other Exchanges elsewere on this globe
(see also mails "Re: Exit Strategies" and "US$ vs DM").
Mr. EURO(Duisenberg) said that Europe will not face a rate cut in the former DM-block, formed
by the 6 countries also forming the basis of the new EMU-11(=EURO), and that the other
5 countries participating, will have to come down in their rates to this DM block-level before
Jan 1, 1999 (the official introduction and local currencies -conversion into- EUROs day).
Good news for the Exchanges in Ireland, Italy & Spain etc., as they will be facing some forced
+1.5% rate cuts. Not so very good news for their local currencies, though this was decided
last May98, and this will already be reflected to some extend in their currency's current "price".
Best regards,
Ton Maas
Ms-IRB@xxxxxxxxx
-----Oorspronkelijk bericht-----
Van: michael arnoldi <marnoldi@xxxxxxxxxxxxx>
Aan: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Datum: dinsdag 29 september 1998 0:35
Onderwerp: Re: %fall
>the formula has to read:
>(HHV(H,130)-C)/(HHV(H,130))*100
>
>mike arnoldi
>
>
>
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