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sorry for being a little bit unclear.
your point 3. is what i'm looking for alex.
maybe i can question it better:
which day of the week has the highest probability to be a trend day ( or a
day with a greater range)?
i have read an article from larry williams where he wrote that days after
monday, thursday or friday are trend days and any setup will have greater
significance. so i thought how does he know that???
or for example when is the best time of the month for up moves and down
moves. i have often read that the begin of a month is more volatility and
the end of the month has less movement.
how can you verify these statements
as we here always say :" don't believe any statistic which you have not
faked yourself! " *gg
thanks jim
----- Original Message -----
From: "Alex Matulich" <alex@xxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Friday, April 21, 2006 12:23 AM
Subject: Re: statistical utilization
> Jim wrote:
> >if i want to know at which days we have a higher probability of a
> >trend day, how should i do that?
> >
> >ok i can plot an indicator which will show me a daily range, but i
> >don't want to go and compare every day manual <g>
>
> Another Jim replied:
> >Pick a moving average. If you are above it you are trending
> >positive. If you are below it you are trending negative. You can
> >get fancier.
>
> I'm not sure that's what he wants (you: the first Jim, can you be
> clearer?). I can think of some possibilities:
>
> 1. He mentioned statistics and probability, so I think he needs
> more than just a binary positive/negative assessment.
>
> 2. It's not clear, but he may be concerned about individual days
> that have trends in them or have a high probability of a large move,
> rather than days that are part of a larger trend.
>
> 3. He mentions "which day" as if it were a day of the week or
> something. There may be some validity to measuring if, say, the 3rd
> Wednesday of the month has a greater tendency to trend than the last
> Thursday of the month.
>
> --
> ,|___ Alex Matulich -- alex@xxxxxxxxxxxxxx
> // +__> Director of Research and Development
> // \ Unicorn Research Corporation -- http://unicorn.us.com
> // __) HTML FORMATTED MAIL SENT HERE WILL BE REJECTED AS SPAM.
>
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