All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (13569)	2/29/2000 11:59:00 AM
From: Oblomov	Read Replies (1) of 42523

Heinz, looks like we both underestimated the degree of Palm euphoria: finance.yahoo.com I got out in the low 80s... On e-waves: My own view is that it is pseudoscience. There are certainly recurring patterns in price behavior, but they do not occur with a Fibonacci regularity. Perhaps e-wave analysis worked in earlier markets, before the universal dissemination of charting tools. The easily identifiable patterns are now exploited immediately, before they can fully form. The ones that are more difficult to ferret out are done so at some highly quantitative institutions who have enormous computing power and a staff of brilliant people (I'm thinking not of LTCM, but of Citadel Capital, etc.) This is not to say that prediction cannot be done, just that it has become an NP-hard computing task... Due to this, I do not try to predict. I merely analyze the market using a statespace model to infer market stability. I try not to use the work 'risk', since an unstable market can move up as well as down.

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