|
PureBytes Links
Trading Reference Links
|
I cross my fingers that you are right Gary. We have been
below 14.52 since early summer. There is a lot of intraday gyration
about the previous day's closing values...something you didn't see
so much of last spring.
Life is a lot easier when the range averages 15:-)
I'm beginning to wonder if the ease of entry access brought on by
e-brokers is increasing the volume and decreasing the intraday ranges
as traders enter and take profits in shorter timespans.
dbs
Gary Fritz wrote:
> > Just bringing up a year-old thread, maybe stimulate a discussion.
> > Very different picture this year though ...
>
> Yes indeed. I re-ran that calculation with data (daily SP, not
> SPY) up through yesterday. (And this time I made sure to use
> non-adjusted data. :-)
>
> Avg Daily Avg
> Range Price Rng/Price
> 1998 17.64 1091.53 1.62%
> 1999 20.85 1333.98 1.56%
> 2000 26.36 1439.12 1.83%
> 2002 19.89 994.76 2.00%
> 2003 14.52 936.73 1.55%
>
> So the current ranges are lower in absolute terms and in % of
> price terms than we've seen since 1997. How low will they go?
> Who knows. I wouldn't expect them to go back to the pre-1997
> levels of 0.75% ranges. It's a different world now.
>
> Gary
>
|