SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical Analysis- Indicators & Systems
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David Russell Coburn II who wrote (1550)6/15/1997 2:21:00 PM
From: Wayners   of 3325
 
<<Hi Wayne, I'm not trying to be difficult but Dahl is a measuring type indicator and is not used for prediction. It simply finds good solid trends in the time frame of 3 weeks and above. Good luck, David
Are you coming to New Jersey?>>

David,

I know nobody is trying to be difficult. I know that no indicator will be accurate 100% of the time and that nobody can accurately predict a breakout direction 100% of the time. I just want to play the highest probabilities here. Since trends have momentum behind them, if a trend is in place (various durations of course) as meausured by zig zag, a moving average, dahl or another method that the probability of the trend continuing in the current direction is greater than the trend reversing at any snapshot in time. Depending on how long the trend has been in place has everything to do with how high the probability is at any one time of the trend reversing. Since stock price movements are not truely random events (random walk theorists will disagree), the past momentum and direction can be used to help predict the future direction. If stock price movements were actually random events, TA would not work.

Even with the last leg of zig zag being subject to fluctuations in direction, the greatest fluctuations will occur when the last leg is real short, however over time the direction becomes firmer and firmer until that leg ends. I would place little weight on a last leg of only a few days duration, but I would place a lot of weight on a last leg of several weeks duration. I would place even higher weight on the direction indicated by a moving average of zig zag.

I'm not planning on going to New Jersey. I'd like to go, but don't get enough leave during the year unfortunately. I'd like to get a copy of the papers that are published and presented if that's possible.

Best Regards,

Wayne
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News