Re[4]: Is it just me, or is the market dead?

[Michael Stewart <michaelstewart@xxxxxxxxxxxxx>]

Hello Kim,

I agree completely! The acid test is to work out the av ranges on say
5-15 minute bars to get a better picture for day trading. I just
loaded up the atr indicator, set it 1, and exported the data window
info to excel and averaged. 5-15 min data would exceed my 65,000 row
limit.


K> Average daily ranges are only part of the story. The number of
K> times the market traverses that range intraday (or a good part of
K> it at least) makes a huge difference.

K> The trader who enters at the open and exits at the close might only see a 20
K> point range even if the market traverses that range four times.
K> Another trader sees 80 points.

K> Whether the market appears flat to you or not will very much depend on your
K> trading style.

K> Rgds,

K> Kim

K> ----- Original Message -----
K> From: "Michael Stewart" <michaelstewart@xxxxxxxxxxxxx>
K> To: "Robert Linders" <Robert@xxxxxxxxxxxxxx>
K> Cc: "Omega" <omega-list@xxxxxxxxxx>
K> Sent: Thursday, October 24, 2002 3:34 PM
K> 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
K> 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
K> seems
>> RL> to
>> >> be happening overnight, and then does nothing during the during the
K> day.
>> >>
>> >> -kft
>> >>
>> >>
>> >>
>>
>> --  Best regards,  Michael
>> mailto:michaelstewart@xxxxxxxxxxxxx
>>



-- 
Best regards,
 Michael                            mailto:michaelstewart@xxxxxxxxxxxxx