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.
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
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.
Aahhhh, thanks acrary. Previously having coded Connor's Volatility Ratio in to Excel, I recognize your work. Thanks again.
as to who abducems could really be? seems soemwhat farfetched to pull that one out of a hat, er head.
there were some decent gap plays today, stocks like PIXR OVER SCIO... overall agree volatility down this last couple of weeks ken