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Average daily ranges are only part of the story.
The number of times the market traverses that range intraday (or a good part
of it at least) makes a huge difference.
The trader who enters at the open and exits at the close might only see a 20
point range even if the market traverses that range four times.
Another trader sees 80 points.
Whether the market appears flat to you or not will very much depend on your
trading style.
Rgds,
Kim
----- Original Message -----
From: "Michael Stewart" <michaelstewart@xxxxxxxxxxxxx>
To: "Robert Linders" <Robert@xxxxxxxxxxxxxx>
Cc: "Omega" <omega-list@xxxxxxxxxx>
Sent: Thursday, October 24, 2002 3:34 PM
Subject: Re[2]: Is it just me, or is the market dead?
>
> Heres the annual avg daily range for the spx. Albeit that much
> 'disappears' overnight - its hardly 'flatline'.
>
>
> 1992 3.51
> 1993 3.28
> 1994 3.76
> 1995 4.01
> 1996 6.76
> 1997 12.62
> 1998 17.02
> 1999 20.38
> 2000 25.53
> 2001 22.24
> 2002 20.56
>
>
> RL> This seem to be a mix of "earnings season" (almost over) and possibly
an
> RL> oversold market (every selloff seems to fail now).
> RL> Robert
>
> RL> ----- Original Message -----
> RL> From: "KungFuTrader" <KungFuTrader@xxxxxxxxxxx>
> RL> To: "omega-list" <omega-list@xxxxxxxxxx>
> RL> Sent: Thursday, October 24, 2002 12:51 PM
> RL> Subject: Is it just me, or is the market dead?
>
>
> >> List,
> >>
> >> Is it just me or is the market dead lately? All volatility
seems
> RL> to
> >> be happening overnight, and then does nothing during the during the
day.
> >>
> >> -kft
> >>
> >>
> >>
>
> -- Best regards, Michael
> mailto:michaelstewart@xxxxxxxxxxxxx
>
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