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9-11 DIDN"T EXIST!!! It was a giant
consperancy perpertrated by the airline industre to receive huge government
bail outs. In fact the films everyone thinks they saw where created in a
Hollywood computer animation lab (the same as the films of the moon landings
where).
OK, now that I've got your attention, what I mean
to say is that from a charting / technical analysis point of view perhaps all
data between 9/11/01 and today 11/13/01 should be deleted.
I hope everyone had the courage and means to go
long (almost anything) shortly after the market reopened following the
tragedy of 9-11, but where do we go from here now that many stocks and the
market in general is back to pre 9-11 levels? I believe most standard
indicators whether price based or volume base are drastically skewed due to 9-11
and the market's recovery. This is most apparent on daily charts of 6
month duration or less (see pic 1)
One way to accomplish this would be to back up the
time frame, say to 1 year or longer (pic 2). The problem here is that this
may not represent everyone's style of trading.
My hypothesis is that all data between 9/11/01 and
11/13/01(and perhaps even longer as events unfold) should be
deleted. Unfortunately I do not have the means to do this at this
time. However I think it might be an interesting line of research for
a magazine article or even a thesis. In fact one might extend the
idea to other similar events and develop a trading strategies as the
result.
If nothing else it would make interesting
conversation at your next cocktail party.
Good luck and good trading,
Ray Raffurty
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