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(L Y U P U N O V EXPONENT)
LOL, Glad to see thats all clear up.
Robert
Mark Jurik wrote:
>>>Who says smoother or faster indicators are better? Why? <<
>
>The more noise present in an indicator, the less reliable the reading. The
>more lag in an indicator, the less pertinent it is with regard to any time
>series having at least one positive Lyupunov exponent.
>
>- Mark Jurik
>
>
>
>-----Original Message-----
>From: CRLeBeau@xxxxxxx [SMTP:CRLeBeau@xxxxxxx]
>Sent: Tuesday, October 13, 1998 9:14 PM
>To: Omega-list@xxxxxxxxxx
>Subject: Indicator lag
>
>Of course indicators lag. They are derivatives of price. You want a lead
>indicator then go buy a crystal ball for Pete's sake.
>
>Indicators are only tools not systems. They are neither good or bad. A
>hammer is a tool. You can use it to hit a nail or you can miss and hit
>your
>thumb. If you miss, is that the fault of the hammer?
>
>Who says smoother or faster indicators are better? Why? Still looking for
>tomorrows newspaper today. Ain't gonna happen.
>
>None of this has anything to do with gambling. Some of the most ridiculous
>stuff I have ever read has been posted tonight. Sounds like the inmates
>are
>running the asylum. Its been fun. Bring the nets and the jackets.
>
>Chuck
>
>
>
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