From: Gregory Alan Bolcer (gbolcer@endtech.com)
Date: Fri Dec 22 2000 - 13:05:49 PST
That's so funny. I was just going to say it looks just
like the British Pound chart right before the day George Soros
had his billion dollar day shorting the currency.
Greg
Tony Berkman wrote:
>
> Having spent many years working as a quantitative analyst at a hedge fund,
> one thing I've found to be true time and again is that in most charts, you
> can always find just what you are looking for to reconfirm a preconceived
> notion. I have grown to take with a grain of salt many terms often used to
> describe the various types of markets for precisely the reason Linda
> mentions - much depends on time frame and perception. In other words, one
> can always make the case that the "long term trend" of ANY market is up, as
> long as you go back far enough in time. Since this is true of all markets
> at all times, I would offer that the very notion of a "long term trend" is
> meaningless.
>
>
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