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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: BDAZZ who wrote (96721)11/22/2010 3:35:22 PM
From: Maurice Winn2 Recommendations  Read Replies (2) of 196564
 
True, patterns work until they don't. The job of the mathematicians is to maintain the patterns that work which is a dynamic process in response to the shifting sands of human and mathematical models of how the patterns work. The battle is to correctly identify the patterns and responses. Of course, as soon as the correct patterns are identified, they are changed by the successful identifier buying and selling which changes the pattern so their model has to include their own responses.

The Flash Crash was part of the model generation process to see who has the best model. It showed that the computers and mathematicians are in charge of a large part of the responses. There were winners and losers and the losers had to change their models because they didn't work. I changed mine in response to the authorities deciding to cancel trades and them canceling trades thereby increased the volatility which is the bread and butter for the high speed trading programmes which depend on volatility for profits.

The Flash Crash was not an accident. Swarms of people are all over the pricing process trying to find patterns. The computers are playing for big bucks, so you can be sure that they are at least as good as chess computing cunning.

Mqurice
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