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Re: Probability



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<DIV><FONT size=2>There is absolutely no question in my mind and experience that 
probability plays a big part in support and resistance.&nbsp; This is true for 
intraday and end of day implied volatility forecasts for expected price 
range.&nbsp; It is so accurate that prices fall within 0.01 of the probability 
line that it is uncanny.&nbsp; Watch the OEX and the Cone levels tomorrow.&nbsp; 
LOL and all the way to the bank!&nbsp; I think Clyde Lee would also agree.&nbsp; 
PS: no code available for distribution.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>BobRoeske</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  swp </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A href="mailto:gposnak1@xxxxxxxx"; 
  title=gposnak1@xxxxxxxx>gposnak</A> ; <A 
  href="mailto:0Realtraders@xxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxx>0Realtraders@xxxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, October 11, 1999 11:45 
  AM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Probability</DIV>
  <DIV><BR></DIV>
  <DIV>I have never read the book you quoted, but anybody that believes that 
  stock prices move in a random fashion I want on the other side of my trades! 
  LOL</DIV>
  <DIV><BR>---<BR>Steven W. Poser, President<BR>Poser Global Market Strategies 
  Inc.</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>url: <A 
  href="http://www.poserglobal.com";>http://www.poserglobal.com</A><BR>email: <A 
  href="mailto:swp@xxxxxxxxxxxxxxx";>swp@xxxxxxxxxxxxxxx</A></DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Tel: 201-995-0845<BR>Fax: 201-995-0846</DIV>
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
    gposnak 
</DIV>
    <DIV style="FONT: 10pt arial"><B>To:</B> <A 
    href="mailto:0Realtraders@xxxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxxx>0Realtraders@xxxxxxxxxxxx</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, October 11, 1999 1:19 
    PM</DIV>
    <DIV style="FONT: 10pt arial"><B>Subject:</B> Probability</DIV>
    <DIV><BR></DIV>
    <DIV><FONT color=#000000 size=2>I have been studying Probability and 
    statistics and wonder if there is a site similar to RT where the discussion 
    emphasizes the statistical approach to the markets? After 20 years I finally 
    read Cootner's book "Random Character of Stock Market Prices". I had to go 
    back and relearn statistics 101 to even begin to understand the math in this 
    book. Anyone else ever read this book?</FONT></DIV>
    <DIV><FONT color=#000000 
size=2>George</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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