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this guys are a fad, just like the chaos
with non linear dynamics.
a bunch of theoreticians that decided
to beat the market with number
crunching.... ha ha.
well, they could not beat the roulette
in the first place.
i read the book they wrote...
multivariate models + a bit of chaos
+ non linear curve fitting +
ga's + model tinkering ( best fit ) +
luck + oconnor moving the market
with those orders...
just about all current technology
you can throw into the kitchen
sink to see the future.
i smiled a lot when i read the book.
and do they have IT? nope.
they still don't know what the
underlying structure is and what
it takes to trade right.
plus they are talking too much, writing
books, bragging about it and all.
no good, no cool.
those who have IT don't talk at all,
let alone writing a book and giving
away pointers left and right...
the book is worth reading though.
tells you how a couple of guys who
never traded but have some brains decided
to beat the market by pitching their
"top stuff" to the highest bidder in Chicago.
bilo.
ps.
you know what, 100 years from now,
1000 years from now, it will be
the same thing... just different technology.
you don't need to predict the
markets to make money ...
that's what they missed in the first
place.
the only way you can predict the market
is to send a guy one day ahead
in the future with a one way radio
you need a time machine for that.
i have it. any volunteers?
----- Original Message -----
From: Riccardo <riccardo@xxxxxxxxxxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Tuesday, October 03, 2000 12:21 AM
Subject: Wired 2.07 Cracking Wall Street
>
>
> http://www.wired.com/wired/archive/2.07/wall.st.html?topic=&topic_set=
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