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Strategies & Market Trends : Waiting for the big Kahuna

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To: yard_man who wrote (28470)	9/20/1998 9:58:00 PM
From: Joseph G.	Read Replies (1) of 94695

Yes, I just tried to teach some simple math (not you), but in vain. It is well established that the "rare" market events, which fall outside of what is expected from a log-normal distribution of outcomes (on which assumption all stochastics, Bolinger bands, etc. indicators are based) make and break mechanical trading systems. In other words, "unexpectable" does happen much more often than is assumed by market participants, and leads to large losses or total whipeouts.

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