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nicely done......and this makes sense.....many laggards bounce.....only
temporarily.
> -----Original Message-----
> From: Alex Bell [mailto:alex_bell@xxxxxxx]
> Sent: Friday, July 26, 2002 7:19 PM
> To: Clyde Lee
> Subject: Re[2]: [RT] Re: One Day Rally or Start of New Trend
>
>
> 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
>
>
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> CL> Clyde Lee Chairman/CEO (Home of SwingMachine)
> CL> SYTECH Corporation email: clydelee@xxxxxxxxxxxx
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>
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