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Rakesh,
I agree that greed and fear drive the markets.
What I am saying is that we have very imperfect tools for measuring the
FUTURE impacts of greed and fear. It's easy to see these things in a
chart's history. I don't know any tools that will predict there future
impact with the high certainty that many hope for (a so-called "holy grail"
system is an example).
Ross Kovacs
rossrk@xxxxxxxxxxxxxx
Date: Sun, 11 Feb 2001 22:19:10 -0800
From: Rakesh Sahgal <rsahgal@xxxxxxxx>
Subject: Re: Lag in Moving Average
Ross,
Could you elaborate on your point re. "Stationarity". Please correct me if
I understand you incorrectly.
Are you suggesting by your statement re. stationarity that past behavior is
not replicated in the markets? The phenomena of greed and fear are not
recognisable using conventional tools like the kinds that are used by most
people? If so, then what are the tools that one should be using to analyse
the markets?
Regards
Rakesh Sahgal
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