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<FONT face=Arial
size=2>Pring:
<FONT face=Arial
size=2>
The chaos that
Dusant refers to is not the same as mathematical chaos. I think that
Mandlebrot chose a poor word when he called his mathematics "chaos
theory". He should have called it something like "abrupt change theory".
In your email you are nitpicking, incorrectly, at someone who is is very
knowledgeable and perceptive.
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size=2>
Lionel
Issen
<FONT face=Tahoma
size=2>-----Original Message-----From: Pring
[mailto:pring99@xxxxxxxxx]Sent: Friday, October 04, 2002 12:22
AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject:
[Metastockusers] shudder - why???Dusant,First
of all, interesting choice of words - "chaoticconditions". Bill
Williams describes chaos as a"higher sense of order".With that in
mind, stop and think for a minute aboutthe excesses that occurred in the
last bull market. It was out of control to say the least. People
whoknew nothing about trading could toss a dart and makemoney on some
internet stock that was doubling in aweek - on a company that never turned a
dime inprofits. People's retirement accounts were advancingbeyond
what anyone had ever experienced. Valuationswere off the
map.What did you think was going to happen to that kind
ofmarket?Take a look at the attached MS chart of the S&P
backto 1985 (that was all the data I had). You can seethat all we
are doing is returning to a sense of orderhere.So, my suggestion is
still to lighten up and flowalong with the market. Smile a
little!Pring_____________________Point
1) Its not because of "my" Fib Projections that we arewitnessing
chaotic conditions. Its because of the chaotic conditionscreated
that (probably) the Fib Proj could come true. Point
2) Is it not what public opinion is all about? Why showmy chart to
your Representatives? Think about the enormous loss oflife and
damage to property these actions are going to cause!!
Pring, I can take a dig at myself, no issues there. Frankly,
however, this matter does not make mesmile. Dusant
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