Platykurtosis, from Victor Niederhoffer
On this day, with Mr. Humbert boarding a plane and Mr. Jovocroft Holmes not overly concerned with minutiae of frequency distributions, one points out an interesting anomaly in the frequency distribution of daily occurrence in S&P for the last 5 years.
©Manchester Trading 2010
The distribution shown is an example of negative skew combined with platykurtosis. One has a number of other interesting facts about the hypotenuse up the sleeve during this brief moment also.
vic