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Technology Stocks : AUTOHOME, Inc
ATHM 23.48+1.2%Nov 21 9:30 AM EST

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To: lnkennedy who wrote (5167)2/7/1999 8:10:00 PM
From: Raymond Duray  Read Replies (2) of 29970
 
Dear lnkennedy,

I believe the most salient feature of the article was the Monte Carlo simulation of charts. Without understanding the psychology of the market, the chart analyst may be able to make profitable short term predictions but anything beyond a few days requires some actual understanding of the underlying principles of the market.

Unlike you, I did not not find the article of use.

<How about; when there is a crisis of confidence the probability of crisis increases.> Duh, Charles Mackay has an entirely more useful analysis in his "Extraordinary Popular Delusions and the Madness of Crowds." Lets leave Mandebrot to the kuhl picture biz.

Regards, Ray
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