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MarketTrak Question/Comment Message |
Posted By: Jim Date: Fri Feb 20, 2009 |
Title: Meaning of ANO values near zero |
Message: |
Response: This is a plot of the actual forward slope vs the model ANO values for about 6000 days of market data. Note for ANO values near zero, the actual slope has some rather large positive and negative values. In these cases, the model was unsure of the market direction and gave a cash signal. The ANO set points, given on the forecast page, defines the cash region. The line through the data was determined using a least-squares procedure.
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