Re: [CANSLIM] Standard Deviations Data

From: Richard Yoder <ryoder@snowcrest.net>
Subject: Re: [CANSLIM] Standard Deviations Data
Date: Fri, 14 Feb 2003 09:18:36 -0800

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Jack, you asked about using a standard statistical measure such as the standard
deviation in evaluations or possibly in setting stop or purchase prices.
Bollinger bands are such measures, calculated along the moving average. They may
be displayed at an arbitrary number of standard deviations but most seem to be
at 2, hence including 95% of "random" variation. They are available on Yahoo!
technical charts and many others. Since they expand and contract as the price
fluctuates they are, indeed, a measure of volatility. See
http://www.equis.com/Education/TAAZ/?page=36 for more information.

Dick

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