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Re: Zeev Hed post# 108511

Friday, 05/16/2003 10:03:09 PM

Friday, May 16, 2003 10:03:09 PM

Post# of 704041
Zeev
I do not know about EXPE.
But I do know about "Theory of Runs" in probability.

Looking back from today it is easy to see that a stop
should have been taken on BRCM at a much lower price.

But we only have Today and forward to play with.
The recent market action to the upside can be explained
by the "Theory of Runs". IMHO.

Also, a stat study, which is in my file, indicates that a rapid rise like "Mar 12, 2003 to present" has a high probability of being followed by a rapid decline to at least
the 50% retracement mark.

No! I have not lost my mind(g)
A reasonable retrace of $BPCOMPQ to 45 remains a high probability.IMHO.

Time Will Tell !!!




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