The Straits Times Index performed a unusual feat on Monday, ending the day's trading at a whole number (well, a mathematician will tell you it is 2 dp and thus not a whole number) of 3000.00. If it was say 2999.00, I believe the impact wouldn't be as great. While the index has never parked itself into such a neat number lot, it has also never reached such high levels in its history. Based on the records provided in the article, the probability of observing a whole number ending for tommorow's trading day is a mere 0.66% or an odds of 1:151. Getting the precise 3000.00 is however not anywhere close to that! If you dare, place your bets on the table!
Wednesday 10 January 2007
3000.00
The Straits Times Index performed a unusual feat on Monday, ending the day's trading at a whole number (well, a mathematician will tell you it is 2 dp and thus not a whole number) of 3000.00. If it was say 2999.00, I believe the impact wouldn't be as great. While the index has never parked itself into such a neat number lot, it has also never reached such high levels in its history. Based on the records provided in the article, the probability of observing a whole number ending for tommorow's trading day is a mere 0.66% or an odds of 1:151. Getting the precise 3000.00 is however not anywhere close to that! If you dare, place your bets on the table!
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3 comments:
Good source of information! I like it... well perhaps this is one of the abnomalies that happened in the stock market like the January effect.. Well done ! I must say you must have put in alot of effort finding these sources... Thanks for the hard work! Keep it up and i want to see more of these in your new established blog!
By the way can you think of a way to post my comment onto your blog page so that it can be seen by everyone?
thanks whirlmax! your comments can be seen by anyone who clicks on the comments link. :)
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