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Technology Stocks : All About Sun Microsystems

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To: fuzzymath who wrote (24162)	12/8/1999 5:00:00 PM
From: Steve Dietrich	Read Replies (1) of 64865

"Repeated coincidence (say over 30 years or so) can produce something you can use. I can't see how graphs could ever cause market movement. Any technique that is well known to the public and investment community will be self-defeating, because too many players will try to apply it, and hence alter the dynamics of the market." Hence the self-fulfilling prophecy: If enough people buy on a well known buy signal, the price will go up and the TA gurus will claim victory. "The cause of something doesn't have to be known in order to define a rule and apply it productively. Einstein never figured out why we have gravity or what it is, yet the Romans built aqueducts." Still, i'll put my money on gravity... And the Superbowl indicator... "A pattern that repeats can be used to "time" the market, as long as a limited amount of money is applied to the method. This is what my graphs show: the results of applying models that are based on mathematical equations I developed and tested using a 30-year database." Here's my model: Stocks go up more than they go down, therefore it's better to own stock than not to. Steve

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