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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (91338)4/7/2001 9:43:24 AM
From: flatsville  Read Replies (1) of 436258
 
We have done some simulations and
are convinced that the 10-day moving average, with which you are giving
so much weight, prematurely triggered repeatedly all the way down in the
1929-32 side, as the most important counter example of its effectiveness.
You know trying to catch failing knives can be very dangerous to one's
wealth, so what's your hurry?

I'd love to see his backtested readings.

Egggs...celent...they'll keep buying the dip all the way down based on an incomplete history of the indicator.
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