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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (5333)	2/1/1999 11:54:00 AM
From: smolejv@gmx.net	Read Replies (2) of 11051

>> ... DJ has some experience with Bollinger Bands << Majority of the stuff (including my chaos predictor and others) I met so far, is just plain voodoo science to me. I have a fat book on technical indicators. Weighs in at about 4 pounds. Graphs, incantations, secret passwords ... a dead cat would not hurt if you swing it over your head turned towards the grave - see Tom Sawyer, Huck Finn or similar All these indicators (I thing their total count is cca 260) are based on not much more than open/close/top/bottom numbers and some kind of time averaging. How much can you squeeze out of so little anyways? All these indicators may be just fine for some trading, mechanical system that does not have access to the coke-bottle-based trading-information-from-extraterrestrials receiver or a dart-throwing ape. But Im convinced that understanding / modelling the market is as precautious an idea as the plan of writing a program which will be able to write other programs (Turing, his machine and the halting problem revisited). Which does not mean, we can not use them. I think this can be succesful only insomuch the other poor slobs use the same, but have the math wrong (g). Is there anything this guy believes in (g)? I still believe in candlesticks. But it's a *belief*. Nothing rational. Rocky would say "A man's gotta believe in something". dj

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