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Wayne,
Sorry, I can not agree that the history of the signals is meaningless.
I need always to check any trading idea from its past behavior.
Dimitris Tsokakis
> Dimitris,
>
> I think you don't get that 'signals of the past' are in the past.
It's
> history and as such is meaningless. Hurst developed his work before
> computers had the power to do billions of computations per second.
> Therefore, the idea of backtesting his work is a waste of time.
>
> The Sigma Bands we are discussing seem to be a derivative of the
Hurst
> Dependency Envelopes, so ably programmed by Ace... and much
appreciated
> too. I feel there is nothing at all to be gained from 1) looking
into
> the past or 2) trying to guess the future. I want to know what is
> happening right now. The Sigma Bands MAY offer some insight into
what
> the market is saying now, but should never be used to trade any
market
> by themselves. This information should always be used as
confirmation of
> other indicators and trading techniques.
>
> Computers will never replace the human brain.
>
> Wayne
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