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> Seems not to many
> people on this list are very strong in math. Couldn't a sole answer this
> question concerning probabilities.
Or it might just be that nobody has ever heard of Maxxer and we don't
have a clue who your unnamed engineer might be. You asked
> My question is what calculation was he using by getting the
> open,high, low an close of the previous day to forecast tomorrow.?
Answer: I don't know. Why don't you ask him? :-)
But seriously, what do you mean by "forcast tomorrow?" The close?
Sup/res levels? What? There are any number of methods that use
yesterday's OHLC. Books have been written on the subject and any number
of commercial systems use those numbers.
--
Dennis
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