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All,
The last one <G>.
Jim
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> From: Harley Meyer <Harley.D.Meyer-2@xxxxxxxxxx>
> To: JimGinVA@xxxxxxx
> Subject: NASDAQ, NYSE & Homeomorphisms
> Date: Thursday, September 11, 1997 8:36 AM
>
> Same thing Jim could you forward to the email list. Thank you,
> Harley
> [This actually ia a resend. This & several other posts/charts didn't make
it to
> the list.]
>
> A bit essoteric for some, but I will try to keep it simple.
>
> A homeomorphism is a relationship held by a function as it maps from one
space
> (space A) to another space (space B). There are technical conditions like
one
> to one, onto, etc. But I will skip them due to the audience.
>
> We see homeomorphisms all the time. The space of fundamentals (with
earnings
> growth as a subset) has a direct relationship (map or function) with
price
> movement.
>
> Economists use this technique of measuring something that they can get
their
> hands on to make a forcast of something they can't get their hands on.
>
> Example is IBM and the downgrades due to currency problems. Hummm, we had
that
> discussion before. Let's not repeat it, please.
>
>
> When I looked back over the major corrections it seems that regardless of
how
> others securities moved (Indexes), the NYSE ruled the day in the long
run. Is
> it due to social psychology? Hummm.
>
> So if the NYSE & DJI were the weak sisters and the NASDAQ charged on, it
was
> short lived.
>
> SO the observation is that as the market breadth on the NYSE goes it to
effects
> other exchanges. Hence a homeomorphism.
>
>
>
> Harley Meyer
> meyer093@xxxxxxxxxx
>
>
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