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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: CpsOmis who wrote (92456)7/18/2001 9:49:52 AM
From: Art Bechhoefer  Read Replies (2) of 95453
 
Cosmo, it's a proprietary program that for the moment is intended only for a handful of investors. It is based on an entirely different mathematical model than technical analysis programs, which tend to use some variation of trend analysis. An average return of 1 percent per day, of course, is based on the gross, excluding commissions and other costs. So, while it looks interesting in theory, in practice it is not all that sensational. Also, we don't know what the error rate would be over a longer test period.

Art
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