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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (14845)	7/27/2003 9:57:35 AM
From: Louis V. Lambrecht	Read Replies (3) \| Respond to of 39344

OT - Line in the sand. Yes, I remember reading about that coin flipping statistics and long series biases. No matter how many times you flip, you only "tend" to even chances, and the next flip is always 50/50. Where to put that line in the sands. I remember visition the CeBit in 1992. I saw 3 market charting softwares then, "almost" shrink wrapped. Five years later the risk mangement black boxes started to be available. Currently, those black-boxes run umpteen what-if scenarios, including mass psychology and automatically run bait and catch trades. Read that almost 40% of one day's volumes are black-box generated. New kid on the bloc, maridome.com , now makes my beloved contrarian indicators widely available. How can we compete against traders with almost unlimited computing power? Is that POS of $5 for real (forcing the black-box traders to change one parameter) or was it a majority of programs concurring in the same direction (a trap)?