The Web Site of Victor Niederhoffer and Laurel Kenner
Dedicated to the scientific method, free markets, ballyhoo deflation, value creation, and laughter. A forum for us to use our meager abilities to make the world of specinvestments a better place
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Victor Niederhoffer: A Good Thing to Consider
A good thing to consider for descriptive and predictive purposes is how far the current price of a market or stock is from the highest and lowest price it has touched in the previous 20 days:
|MARKET||% BELOW HIGH||% ABOVE LOW|
Such variables have been used effectively for study of bubbles. But they are by no means limited to this agrarian pursuit.