Thnx for posting. He has been working on this for awhile. I hope he has more in the works then this. I know Mr. Topstep. Interesting guy.
I may have posted this before don't remember, some really interesting war stories about the SPX in its heyday. A lot of the clerks were hired based on how big they were, alot of ex football players back when open outcry was at its peak, interesting stuff. http://www.youtube.com/watch?v=VX2quLsAfNw
http://www.thedisciplinedinvestor.c...linedinvestor/EBHR+(The+Disciplined+Investor) At the highs today we were almost 3 standard deviations away from the 200 day moving avg in the SPX.
Just my take, but I'd hesitate to look at Z-scores of populations that can have non-normal distributions.
The relationship of the SPX to it's 200 day is for the most part normally distributed and when compared to it's own values, you get a decent "relative" perspective on things. I don't think this is telling us anything that we don't already know, it just displays that insight in a more visual manner.
Good point, and it does put a perspective on this crazy low-vol climb to the stratosphere. The fact that we're 3 stdev out from a long MA actually surprised me. But it explains how antsy I'm getting.
Nasdaq goes up 40 points AAPL goes down 20, markets sells of AAPL goes up. Seems like there's some long tech/short AAPL trade on.
Anyone see this? I tried to get in 30mins prior to the start and it booted me out saying it was full. Hopefully it will be posted online somewhere.