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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (59429)	8/12/2002 6:18:27 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Don't know what you are talking about. -g- But the idea is quite simple. Random walk says that the market will travel as t^(1/2), whereas if moves are correlated in time, it will travel as t^H, with H>1/2. H<1/2 would mean "mean reversal" plays are more profitable, but this never happens. Markets with the greatest H-1/2 are more tradable by TA. If H=1/2, they are efficient, and you lose longer term on commissions and spreads. -g- H is Hurst exponent.