ARTICLE SYNOPSIS ...A sojourn through random territory by Henry S. Patricoff The New York Stock Exchange Advance/Decline (A/D) figures, dice, and roulette have a bit in common on a probability basis. The figures are for these particular 6,500 trials. At some future sampling, they can be quite different, but no doubt will meander above and below the probability line. The following shows runs of 1, 2, 3, or more pluses in a row....
ARTICLE SYNOPSIS ...Revery: Computerized Stock Market Trading by Henry S. Patricoff A recent article in Barron's expressed the view that the options Index market has become so large that possibly it is the tail that is wagging the dog. Aside from a spectacular one or two day rise now and then, the stock market has been in a narrow trading range for many past months. Traders who look for a fluctuating market find themselves frustrated by an inability to eke out a profit either on the up or down side. Could there be another reason for this grid-lock? Is it possible that portfolio managers and market trading oper...