MEEP
Doug,
Oh, I see. Thanks.
Actually, I'm still stuck on the road that got me MEEPed in the first place. The idea behind it was that a trendline set up, even if grossly violated, still maintains its force on the dynamic, for psychological, chartist, and supply/demand reasons. The hope was part of a scheme to be able someday to erect a program(s) that weighted even the slightest subtrends (which is why I moved on to PEEPs and SLEEPs) to get a clearer sense of directionality. I was reading James Gleick's book on chaos theory, and believing it wholesale. I still do, and I still think that someone with a truly mathematical bent should be able to work this out. It would be all in the weighting.
Since then, I've moved on to tape-reading, and now think that has to be incorporated, somehow. You learn lots from watching the tape move, some obvious things, some inchoate things. The main lesson is crystal clear in my mind, though: Money moves from weak hands to strong hands.
Period.
At least, I zink so.
Ivan |
