Crude Oil forming bottom at US$ 100 for now, which is a big psychological level.

Needs to break below this level for real impact. https://t.co/r5KoExzFKc

More from Professor

Bringing Data Science to Nifty Analysis. A small 🧵

As per Normal Distribution 68% of the time movement is with 1% SD Limits.

For 95% pf the times movement is within 2% SD limits.

And its only 0.3% of the times that movement exceeds 3 SD.


Since 95% covers a lot of ground that's why 2SD is considered to be a a safe range for most events.

The farther we move from the average, chances of occurrence go down. This is what Taleb sahab calls Tail risk, because it lies in the tail of the standard distribution curve.

Normal distribution occurs everywhere. See this


Bollinger Band, which is a very popular indicator has a setting of 2SD. Because its expected that 95% of the time moves will be confined to 2SD limits.

When we say that price is at upper/lower Bollinger band, we are saying that it has reached 2 SD limits and likely to reverse.

Now coming to current scenario, open Nifty daily chart and apply two bollinger Bands on it.

First with default setting and in second change settings to 3 standard deviation.

Crossing 3 SD boundary means that Nifty is now in very rare territory where it has been only 0.3%

More from Crudeoillongterm

$USOIL

A quick thread 🧵

Daily TF

With the turn-around in price from the initial harmonic pattern, Consequent LH-LL's in place.
Below $101.56, We might catch sight of $87 followed by $78 https://t.co/nvzolftng6


On the Weekly TF, If the price slips and closes below $92.96, the target would be $70.
Best #RR..now in #OIL..

#CRUDE OIL
Crude Oil prices likely to taper below $100…

Interesting Derivatives Data…

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"I lied about my basic beliefs in order to keep a prestigious job. Now that it will be zero-cost to me, I have a few things to say."


We know that elite institutions like the one Flier was in (partial) charge of rely on irrelevant status markers like private school education, whiteness, legacy, and ability to charm an old white guy at an interview.

Harvard's discriminatory policies are becoming increasingly well known, across the political spectrum (see, e.g., the recent lawsuit on discrimination against East Asian applications.)

It's refreshing to hear a senior administrator admits to personally opposing policies that attempt to remedy these basic flaws. These are flaws that harm his institution's ability to do cutting-edge research and to serve the public.

Harvard is being eclipsed by institutions that have different ideas about how to run a 21st Century institution. Stanford, for one; the UC system; the "public Ivys".