trading no good today!

inandlong · Feb 7, 2003

Quote from abducens:
It was the only thing I could think of at the moment.

LOLOL! Yeah, I can see it now, "hmmmm, nitro... no that's taken... moneybags... no too pretentious.... I got it.... abducens!!!"

Welcome to Elite Trader abducens.

ALICE · Feb 7, 2003

Quote from abducens:

It was the only thing I could think of at the moment.

That is very funny abd. The only thing you could think of on the spur of the moment is the sixth cranial nerve? LOL. Yes I can see how that can just pop into your head..LOL

inandlong · Feb 7, 2003

Quote from ALICE:
That is very funny abd. The only thing you could think of on the spur of the moment is the sixth cranial nerve? LOL. Yes I can see how that can just pop into your head..LOL

Pun intended?

Gordon Gekko · Feb 7, 2003

Quote from ALICE:

That is very funny abd. The only thing you could think of on the spur of the moment is the sixth cranial nerve? LOL.

that says a lot about a man

ALICE · Feb 7, 2003

Quote from inandlong:

Pun intended?

I think you're the only one that gets it inandlong

acrary · Feb 7, 2003

Quote from inandlong:

Given that range is often a function of price, are these numbers consistent with the decrease in the price of the index? If I didn't say it correctly, I mean this... higher priced stox tend to have wider daily ranges than lower priced stox. As the value of the index has come down, is the daily range decrease consistent with that. I recognize that the index is lower and so is the daily range.
But simply to say the index is about 1/4 what it was and so divide the daily range by four just seems too elementary for all that stuff you do.

To normalize volatility usually you'd take the log normal value of the change (high - low) and compute the standard deviation of the daily changes over a year. Then you can compare one year with the next.

I did that plus added a indexing piece that allows for comparing one market's volatility with another market. Here's the ND vs SP since 1996.

______ND __SP

1996 - 1.01 .78
1997 - 1.45 1.23
1998 - 1.84 1.37
1999 - 2.34 1.39
2000 - 4.23 1.72
2001 - 4.32 1.73
2002 - 3.42 2.01
2003 - 2.86 1.90

You can tell by this that even when adjusting for the price level the ND is losing some of it's daily volatility and is less volatile versus the SP than it used to be.

inandlong · Feb 7, 2003

Aahhhh, thanks acrary.

Previously having coded Connor's Volatility Ratio in to Excel, I recognize your work.

Thanks again.

abra trader · Feb 7, 2003

as to who abducems could really be? seems soemwhat farfetched to pull that one out of a hat, er head.

Ken_DTU · Feb 7, 2003

there were some decent gap plays today, stocks like PIXR OVER SCIO... overall agree volatility down this last couple of weeks

ken

Jayford · Feb 7, 2003

Quote from Whamo:

Every time I enter a trade outside of my system I get killed.

Me too!