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from what these guys wrote sounds to me like all we "noise traders" have to
do to be different from the "herd",i.e. make tonnes of cash...:-)
is to set up a fundamental "equilibrium" model and wait for something to
move out of whack( by, say 2 atr...) and then pounce on it, and make a
killing. just before the mighty "fundamentalists come in and make the
market normal again
So, even though the model doesn't predict prices , I figure I can use their
ideas for modelling anyway, am I missing something?
Forgive any lapses of sanity, but I think the article is just too silly to
even comment seriously, if I could comment seriously that is.....:-)
have a good weekend and send me all your antitrendmodels, cause I've got no
good ones myself :-)
Olof
***********************
> Felix,
>
> This is a classic example of academic research
> done by someone who, pardon the vulgarity, doesn't
> know dick about trading.
>
> Walt
>
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