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--- In amibroker@xxxx, "dtsokakis" <TSOKAKIS@xxxx> wrote:
> 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%
This could be a start of research, if any interest exists.
http://welch.som.yale.edu/researchpapers/current/1008102798/paper.html
Various interesting papers on the subject.
As MATTHEW SPIEGEL writes,"... there exist 2^K equilibria when K
securities trade."
Dimitris Tsokakis
> --- In amibroker@xxxx, "Al Venosa" <avcinci@xxxx> wrote:
> >
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