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This discussion is one of the best in this list.
Let me add another point of view.
I work with many composite tickers and try to find out some "rules"
for the whole market.
The main hypothesis, before this research, was the directionality of
the market.
For some periods every** stock follows the uptrend, no matter if it
is under/over evaluated,
no matter if 2Q results are promissing or not. Some other periods
every** stock declines,
even if some individual perspectives are the best.
My results, until now, are better than expected. Mean Indicators
describe the market very
well, much better than individual ones and this is the reason they
produce interesting and
profitable trading systems.
This is a real fact, the market is directional enough. I just try to
decode this directionality,
express it with proper indicators and create "new" trading rules, the
Trade-The-Market
systems.
If we suppose we create 100 synthetic stocks to buid up the synthetic
N100 history for, say,
two years, do you believe that we would establish directional
phenomena ?
I am affraid no.
Dimitris Tsokakis
**I can use this word, when I have results better than 95%
--- In amibroker@xxxx, "Al Venosa" <avcinci@xxxx> wrote:
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