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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (25133)	9/8/1999 10:07:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

Larry, Those studies were just in mathematic studies and not the market. Not sure if you are saying if 62% probability is to high or too low. Please keep in mind that 62% is at best. Going back to my college math classes, we had several papers on that theory. Recently, an analysis was done in genetic research by my friends, and the best they could predict was 63%. I realise that what does genetics have to do with the market, frankly nothing. But it was just a mathematic study that could be applied in nature. One could argue that the market is not part of nature, but I would not buy that either. Its interesting that the 62% is a FIBINOCCI number. seeya

To: HairBall who wrote (25133)	9/8/1999 3:03:00 PM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 99985

The whole area of DOW theory is based on the 100 years of data of the index and it is highly technical. While I would agree that F/A has very little bearing on very short term trading, T/A has much to do with all time frames of trading. I don't doubt that you have truly quoted some book or "expert", however, I would disagree with the validity and accuracy of the source. It is a basic premise of statistical analysis, that the larger the sample, the MORE valid the conclusions. Just my opinion. MLJ