|
PureBytes Links
Trading Reference Links
|
Jeff,
Thanks for the pointers. I'll take a more thorough look at the archived
thread when I have some time, but right off the bat I agree with your
statement,
"practical adviceis to stick with "simpler" notions like support and
resistance. I've spent a lot of time looking into fractal
models and I do think they can be very worthwhile, but I don't
know if the amount of time needed to get a good understanding
isn't better spent on developing less sophisticated models."
I've happily traded with nothing more visual chart inspection and firmly
believe that too much information can confuse and louse up a winning
perspective and methodology.
I still wonder if my thesis that a stock will tend to revert to its "fractal
dimension" is true.
Jim
----- Original Message -----
From: "Jeff Haferman" <Jeff_Haferman@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Cc: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Wednesday, November 21, 2001 5:29 AM
Subject: Re: [Metastockusers] Fractal and Chaos Theory
> Here is something of a simplistic explanation from the
> Metastock archives that I wrote about a year ago:
> http://www.purebytes.com/archives/metastock/2001/msg00213.html
>
> And a more in-depth discussion from the misc.invest.technical
> archives at
>
http://groups.google.com/groups?selm=slrn9t8mg1.4uj.Jeff_Haferman%40eskimo.c
om
>
> (careful with the URL above, sometimes Yahoo breaks them apart).
>
> I would also say CAREFUL with some sites that will try
> to sell you razzle-dazzle magical fractals to solve all your
> trading problems and make you rich... you know, the websites
> with flashing glitzy graphics.
>
> Read all you can about the mathematics of fractals, but
> making money in the market is more a matter of sound
> money and risk management than it is a matter of magical
> fractal formulas.
>
> Jeff
|