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According to your setup, the 40-50 range priced stocks are/were also the most
advancing stocks, that scored 100%.
(If you would have displayed the start and end values singly, then the above would've
been easier to spot("read") in your otherwise, very well arranged setup.
"At the end of the 52wk period, they were the ones that have doubled to 100(so their
initial value were in the 40-50 category range, and wheras non of the other ranges
could keep up with this performance".
But to give these results, which were well done by the way, some greater and more
in general, technical value, then:
1. - 52 wks in a stock's life time seems a little too short, eg as though
a "baby has just been born".
2. - test results are generated from an ultimate volatile market's period,
eg tested in a market's periodic utterly full trending phase.
What are/would have been the results if markets weren't that very trending / volatile?
Not often a grown/matured index will triple its value within a mere 16 months, something
like also in the last 1.5 yrs the NASD did.
The oldest and Grandfather of Indexes(DOW), which has been around for a mere 5 times
longer than the Kid, hasn't hardly ever performed in that manner, previously.
Which, technically speaking, concludes that the Waxdaq for the moment is still of a young
maturing Index nature, and thus also of a fling-ing nature, and thus actulay not at all
that-full-grown yet(read: not to be taken that seriously, as yet).
Like your results (and given about the same time interval for measured period), then a
question remains : "how seriously should we take all this?".
Personaly, I take the at the top mentioned -your research outcomes- to be as being of more
greater + more serious values, eg and at least nothing like the unserious 144MA or other
flinged 61.8% supposibly "support" lines/levels the general public is made out to believe,
eg seen as being of some sort of "technical" value nature here, which hoaxes are mostly
spread by the illiturate tech-clones, the talking heads CMT's (tho not meaning you here, Steve).
(Latest BS-hoax that they now spread is that we are having "New Economies", all this too
implying that we have well seen the top of the economic 7 (to 10) year-cycle, and where
"people are easely getting carried away").
A job well done,
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Original Message -----
From: "Herman van den Bergen"
To: <metastock@xxxxxxxxxxxxx>
Sent: donderdag 13 april 2000 2:51
Subject: Performance vs Price
> Hi,
>
> I am a newbie and invite your comments on the idea that buying stocks in
> certain price ranges might give one a little extra edge. See Excell chart
> attached.
>
> Has anybody used this relationship to their advantage?
>
> Happy trading,
> Herman.
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