|
PureBytes Links
Trading Reference Links
|
In a message dated 08/06/1999 9:59:07 PM Pacific Daylight Time, rmac@xxxxxxxx
writes:
<< The file I have
attached measures the OEX from a low of 454.92 to the recent high of
735.86. It took 282 days (I include weekends) for the OEX to reach 733.80
on Fri. 7/16/99 (on monday 7/19/99 the OEX reached a high of 735.86). >>
************************************************
Ron:
Very good example. (1) Isn't this really a case of knowing the turning point
after the fact since it is probably difficult or impossible to know which of
these numbers will be square with each other ahead of time. (2) Assuming
you always go from Low to High, wouldn't you have many possible lows that you
would have to consider so that you would have many different possibilities
running at the same time?
Lynn
|