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ROTFL !!!!!
This is one of the best ones I've heard in a long while
dave
I gotta stop before I get kicked off
----- Original Message -----
From: <delta88343@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 23, 2001 7:39 PM
Subject: Re: [RT] R Points - Analytical Proof?
> In a message dated 5/23/01 7:17:45 PM Eastern Daylight Time,
> dtgraham@xxxxxxxxxxxx writes:
>
>
> > I WAS going to go back to lurking but I can't let this one pass. This
was
> > the whole point of my posting "R-points" What do you mean by "good
> > correlation". Correlation is a statistical term so what IS the
correlation
> > you are suggesting. Putting the points on a chart no more PROVES there
is a
> > correlation than do my "R-points" on 3 different instruments, which I
think
> > show "good correlation"
> >
>
> I don't know but lets take a look at it statistically. I have never
studied
> statistics so if my methodolgy is wrong excuse me.
>
> Point 1
>
> Starting at a random point, the previous projected low was 12 days prior
the
> projected turn was 3 days late for a 15 day spread. 12/15=80%
>
> Point 2
>
> From one projected turn to the next, 10 days. Actual turn 1 day early.
> 9/10=90%
>
> Point 3
>
> Next projected turn 11 days. Actual turn date 14 days. 11/14=78.5%
>
> Point 4
>
> Next projected turn 7 days. Actual turn 12 days. 7/12=58.3%
>
> Point 5
>
> Next projected turn 9 days. Actual turn 15 days 9/15=60%
>
> Point 6
>
> Next projected turn 12 days. Actual turn 12 days 12/12=100%
>
> Point 7
>
> Next projected turn 5 days. actual turn 3 days. 3/5=60%
>
> Point 8
>
> Next projected turn 8 days. Actual turn 7 days. 7/8=87.5%
>
> Point 9
>
> Next projected turn 6 days. Actual turn 4 days. 4/6=66%
>
> Point 10
>
> Next projected turn 6 days. Actual turn 6 days. 6/6=100%
>
> Point 11
>
> Next projected turn 8 days. actual turn 7 days. 7/8=87.5%
>
> That should be enough shouldn't it?
>
> Add all up and divide by N = 78.9%
>
> Is this excersize statistically valid? Would this represent a 78.9%
> correlation?
>
> Does this address your question?
>
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