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Lionel,
all the work of John Ehlers is dedicated to applications of maximum entropy spectral estimation (MESA) to the stock market. See for yourself by selecting "Technical Papers" and then e.g. "Cycle Measurement" at his web site.
He has also written a book about this method ("MESA and trading market cycles"). Note that it was not John Ehlers who invented this method (it was actually evaluated by J. Burg), but it is John´s merit to apply this way to measure cycles to the stock market.
I have done some programming for myself to make this method work for my own trading.
John´s approach is a scientific approach to measure the market condition. One of the best ways I have ever seen.
Check for yourself !
Best regards
Gerhard
-----Ursprüngliche Nachricht-----
Von: Lionel Issen [SMTP:lissen@xxxxxxxxxxxxxxxx]
Gesendet am: Donnerstag, 20. Mai 1999 17:25
An: metastock@xxxxxxxxxxxxx
Betreff: Re: Maximum Entropy Method
Gerhard:
Where is the information on MEM at ehlers site?
Lionel
----- Original Message -----
From: Gerhard Frischholz <gerhard.frischholz@xxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, May 19, 1999 4:52 PM
Subject: AW: Maximum Entropy Method
Lionel,
you´ll find all you need to know about the maximum entropy method applied
to technical analysis at http://www.mesasoftware.com.
John Ehlers is a specialist in this realm and I personally very much
appreciate the works he´s doing.
Best regards
Gerhard Frischholz
-----Ursprüngliche Nachricht-----
Von: Lionel Issen [SMTP:lissen@xxxxxxxxxxxxxxxx]
Gesendet am: Mittwoch, 19. Mai 1999 17:24
An: metastock@xxxxxxxxxxxxx
Betreff: Maximum Entropy Method
Is anyone familiar wtih the 'maximum entropy method' as applied to trading
and what is your opinion of it?
I recently came across a reference to it and to Anthony W. Warren, Ph. D
who apparently wrote some articles that were published years ago in TASC.
A search in "Books In Print" uncovered some publications on the Maximum
Entropy method, none of these seemed related to trading.
Lionel Issen
Attachment Converted: "c:\eudora\attach\AW Maximum Entropy Method1"
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