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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: byhiselo who wrote (2035)2/13/2003 12:33:42 PM
From: Win-Lose-Draw  Read Replies (2) of 11447
 
i think augie's point has been that it will continue to nail lots of significant turning points because it has so many potential turning points to choose from.

the slack in the points is so large and the gap between points is so small that the system - as i understand it - is going to be right more than 1 time out of 3 based on simple chance. the last study i saw added *another* two days of window which put the random-chance odds at over 50-50.

any system that loose is going to go through nice periods of looking very dead-on, but that doesn't mean it has any predictive powers.
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