STATISTICS
Pacific Stock Exchange
Technology Index
by Jerome M. Lederman, Eng.Sc.D.
This professional options investor examines the performance of the Pacific Stock Exchange Technology Index compared with other market indices as a speculative and hedging tool.
FIGURE 2: PACIFIC STOCK EXCHANGE TECHNOLOGY INDEX.
While the trend has been up since early 1995, the PSE index was in a trading range
the fourth quarter of 1995. Comparing Figure 2 with Figures 3 and 4 shows that
over the long term, the indices tend to trend together but over shorter-term horizons,
the indices and the PSE can move independently.
Excerpted from an article originally published in the August 1996 issue of Technical Analysis of STOCKS & COMMODITIES magazine. All rights reserved.
© Copyright 1996, Technical Analysis, Inc.
Return to August 1996 Contents
