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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (5895)3/29/2002 5:31:56 PM
From: Dan Duchardt  Read Replies (1) | Respond to of 33421
 
David,

If you can't see a cycle on the spectrum then it is a significant deterministic cycle.

I was with you until the last sentence. Perhaps because of the context of my exposure to things like Fourier analysis of time series, I would expect one of your "predictable" cycles to have a relatively narrow spectrum (perhaps with many harmonics and all that). If the spectrum itself lacks structure (can't see a cycle on the spectrum???), the time series is white noise. I expect I am misinterpreting what you are saying. Perhaps you could elaborate a bit more.

Dan



To: Moominoid who wrote (5895)4/2/2002 9:06:46 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
Hi David, Most Market cycles are presumably stochastic, since they are variable in length.

Cycle students find that cycles that are very fixed and reliable for a period of time then tend to dissipate and also to change periodicity.

If you can't see a cycle on the spectrum then it is a significant deterministic cycle.

Could you tell us more on this point. I'm not sure what you mean about not seeing a cycle on the spectrum; could you give an illustration.

many thanks,

John