|
PureBytes Links
Trading Reference Links
|
How does that old saying go...."If everyone bought at the bottom, and
sold at the top, the top would be the bottom and the bottome would be
the top"
Regards,
Monte
William Wood wrote:
>
> I have read this many times but have never seen an explaination. Why would
> a technique that works initially no longer work just because a lot of people
> start using it. For example, many say the Turtle methods no longer worked
> because they became too well known. Seems to me that the self-fulfilling
> theory would kick in when more people use the technique and make it work
> better not worse.
>
> Regards
>
> Bill Wood
>
> -----Original Message-----
> From: Phil Lane [mailto:patterntrader@xxxxxxxxxx]
> Sent: Wednesday, June 21, 2000 12:05 PM
> To: Bob Fulks; TradeWynne@xxxxxxx; Jimmy
> Cc: Omega List
> Subject: Re: A Quick Poll
>
> Bob wrote:
> I just think that if it works, it is
> > because people think it will and make it self-fulfilling.
>
> But what about the competitive aspect? I.e., the more people that know about
> something the WORSE it works.
>
> Just a thought,
> Phil
|