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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: GROUND ZERO™ who wrote (8684)	12/3/2005 5:28:40 PM
From: Real Man	Read Replies (3) of 12410

A lot of folks who don't understand the spiral have a faith that the market is random, so no TA should work, especially TA as fantastically exact as the spiral. So, they cheer whenever they see it screw up by a few points. Theoretically speaking, they are wrong. The markets are not random, they are fractal. Anybody who knows Einstein's diffusion equation, which describe a drunk man on a plane, is aware that the distance travelled by a drunk man on a plane is proportional to square root of time travelled. This is what completely random is. If the motion is fibonacci, the distance travelled is proportional to time to power 0.7, which is much closer to reality of the markets than the random distribution 0.5. If the markets were efficient, the exponent would be 0.5, not 0.7. Fibonacci sequences and numbers surprisingly appear everywhere in fractal motion, so if these folks don't understand the spiral, who cares? -g-

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