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Strategies & Market Trends : ahhaha's ahs

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To: stephen wall who wrote (4211)4/16/2002 3:23:33 PM
From: ahhahaRead Replies (1) of 24758
 
Yes. They're one of hundreds of "noise makers". With their processes they smooth the randomness that the amateurs claim doesn't exist. They are one of the executors for what I have called "institutions". There's no money in what they do because by the law of large numbers they're well-correlated to the markets in which they operate. Primarily that's the NAZ. When the amateurs claim the MMs are melting in their hand it is due to these money changers and front runners.

The trick in the biz is to fool unsophisticated money managers into believing you have a crystal ball. The sell always involves computers and some kind of nonsensical AI. Two things can refute the nonsense: logic and results. I've debunked these systems for many years primarily on logical grounds, but logic founders when it encounters greed. People won't listen to a rational argument when they have superficial results in hand.

If you flip a coin and accurately predict how it will fall ten times in a row, should I believe that you can predict how tossed coins will fall?
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