Re: E Waves etc

["Walter Lake" <wlake@xxxxxxxxx>]

Hi Lionel

Sorry, usually I'm the only klutz within sight. Everyone else seems to whiz
through this stuff without difficulty.

You have to download the .ps version of the paper and rename the file. When
you rename the file all you want to do is remove the " .gz " at the end of
the file. Then you can open the file. (All the Langley stuff is the same.)

I have the file here if you want me to sent it privately. It's 171KB in
size.

Thanks for your questions about 7.03 ... I'm going to have to wait also.
This whole situation is not looking good. 6.5 has been very serviceable for
3 years maybe it will still be okay a couple of years from now.

To others that wrote: The BF list is the Behavioural Finance List.

Best regards

Walter


----- Original Message -----
From: "Lionel Issen" <lissen@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, July 21, 2000 2:04 PM
Subject: Re: E Waves etc


| Walter:
|
| I was unable to open this file in either the tar or pdf formats.
| any suggestions?
| Lionel Issen
| lissen@xxxxxxxxx
| ----- Original Message -----
| From: Walter Lake <wlake@xxxxxxxxx>
| To: Metastock bulletin board <metastock@xxxxxxxxxxxxx>
| Sent: Friday, July 21, 2000 11:15 AM
| Subject: E Waves etc
|
|
| > Thanks for your emails
| >
| > This appeared a while back on the BF list. It will probably be of
interest
| > in developing your trading system to take advantage of it..
| >
| > Watch out for those "xxx" sites <G>
| >
| > Best regards
| >
| > Walter
| >
| > > Let me report some recent discussions at yats@xxxxxxxxxxx
| > > Alex Plank mentioned a very interesting article from Sornette
| > > (http://xxx.lpthe.jussieu.fr/abs/cond-mat/0001324)
| > >
| > > "We present a simple and general result that the sign of the
| > variations or
| > > increments of uncorrelated times series are predictable with a
| > remarkably
| > > high success probability of 75% for symmetric sign distributions.
| > The origin
| > > of this paradoxical result is explained in details. We also present
| > some
| > > tests on synthetic, financial and global temperature time series. "
| > >
| > > We had some difficulties in understanding the trick, and some have
| > built
| > > successful trading model form this ;-)
| > >
| > > In subsatnce this article told us that the price return are
| > oscillating
| > > around its mean. If the yesterday return is heigher than its mean
| > we can
| > > predit that today return will be lower than yesterday return, and
| > vice
| > > versa, with a 75% success rate.
| > >
| > > I suspect that many chartist patterns are victims of this,
| > including Elliott
| > > Wave, Fibonacci, and generaly speaking, all pull-back based
| > patterns,
| > >
| > > Some kind of optical illusions that provide any edge, since the
| > basis of
| > > those patterns is market efficiency !!!
| > >
| >
| >
|