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Strategies & Market Trends : Neural Nets - A tool for the 90's -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (319)	11/28/1998 3:53:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 871

I guess it's probably also wise to include sector activity and broader market indicators. When I was on a trip last week I found a catalog on books including those for Neural Nets; I've been intending to order one or two. Ever hear of an author named Gately, I think it was? I think the book was Neural Nets for Forecasting. Or do you know of a good title for someone like myself? You know, an idiot? I need something in layman's terms. As far as I'm concerned Cook does not speak English. He's not real clear; he presumes his communication skills are more adequate than they come across to the reader. For example, the last model is described as to the inputs but what is predicted? A good book may help, because when I look at his web models I have no idea why he uses hyperbolic functions, for example, on indicators and further I don't think some of his indicators have much value. But then he's not the trader, I am. It's his product but my money I may be trusting to something I don't understand. That is to say, if I don't understand why certain indicators work or don't work then I won't know what to fix when (not if) it breaks. I guess I just don't like Black Boxes. I'm one of those guys who gets newsletters and stuff with advice but only for sentiment indicators. I wouldn't trade a stock or an option simply because so-and-so says it's going to the moon, if you know what I mean.