Annualized sharpe ratio

Can anyone answer how to annualize a sharpe ratio if your working with 5 min data and within market hours?
does anyone disagree with sqrt(252*12*6.5)sharpe(r,0)? 252 trading days 12, 5 min periods per day 6.5 hours (9:30 to 4 EST)
Thanks for your help!

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on 12 Apr 2012

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