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Hello Clyde,
recently I completed small study of similar nature for ~2000
individual stocks: I tried to figure out wherever dependance existed
between strength of 1-day rally from bottom on September 21 AND
strength of consecutive up-swing into December 5. for each stock I
calculated 2 numbers: %% it made on September 21 and %% it made
between September 21 and December 5. then I plotted all these stocks
on 2-dimensional graph where X-axis represents 1-st number and Y-axis
represents 2-nd number. should any statistical dependance existed I
would see points grouping along diagonal LINE razing from zero to the
right upper corner. but nothing proved my initial assumption which
sounded "logical" at the first take. see attached. NO remarkable
grouping at all. conclusion: how stock acted on the first day of
market rally had no implication for 2-month up-swing.
Best regards,
Alex mailto:alex_bell@xxxxxxx
Thursday, July 25, 2002, 4:50:16 PM, you wrote:
CL> Attached are 3 charts covering time periods in which significant up
CL> moves began.
CL> The red bars are days in which the range of the high for that day to
CL> the lower low of that or the prior day exceed 6 percent.
CL> Now you have a basis for deciding whether there is a likelihood of
CL> this being more than a one day rally.
CL> Clyde
CL> - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CL> Clyde Lee Chairman/CEO (Home of SwingMachine)
CL> SYTECH Corporation email: clydelee@xxxxxxxxxxxx
CL> 7910 Westglen, Suite 105 Office: (713) 783-9540
CL> Houston, TX 77063 Fax: (713) 783-1092
CL> Details at: www.theswingmachine.com
CL> - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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