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Hello M. Simms,
next step was to look for dependance on greater time frames. two
upswings - 04/04/2001-05/21/2001 and 09/21/2001-12/05/2001 calculated
and plotted same way as in previous study. looks like it makes a
sense. and probably could serve as approach for picking stocks. see
attached.
Best regards,
Alex mailto:alex_bell@xxxxxxx
Saturday, July 27, 2002, 4:42:23 AM, you wrote:
MS> nicely done......and this makes sense.....many laggards bounce.....only
MS> 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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>>
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>>
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