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Ton:
After examining your response, I agree with you. The problem is that I
misread your outside brackets which forces the calculation in the correct
direction.
We each have our preferred ways of setting up our calculations, and so it is
easy to misread a calculation that is correct but follows a slightly
different path.
Regards
Lionel
-----Original Message-----
From: A.J. Maas <anthmaas@xxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Tuesday, September 29, 1998 7:14 PM
Subject: Re: %fall
>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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