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I find it quite funny that the random walkers get anyone to follow their
dogma. I'd say that the only way that a market could be truly random is if
all the participants used random numbers to trade with and nothing else. For
example, if an announcement comes from the oil producers that they are
cutting production could that encourage someone to buy oil? How about if a
President says that he's going to use the strategic oil reserve, would that
make someone want to sell? If you have supply and demand patterns driving
the markets
isn't that the definition of a non random input driving the markets? You
toss in the fact that the traders are human and that the human mind
naturally seeks patterns, organization, and comfort and you have reason to
suspect all sorts of non random events. Yes, noise, accidents, suprises, and
even sh__ happen but I can't see how the markets are truly random walks.
By the way, some time back someone sent me a random trade generator that had
a .dll that generated the random signals. On a reinstall I lost the .dll. If
some one has the .dll and study would you send me a copy. It was very
amusing and I miss it. Thanks.
Prosper
> ----- Original Message -----
> From: "Sanford Morton" <smorton@xxxxxxxxx>
> To: "List Omega" <omega-list@xxxxxxxxxx>
> Sent: Thursday, February 01, 2001 12:28 AM
> Subject: Some Random Walks
>
>
> > I drew some charts of long random walks with zero drift. See
> >
> > http://www.pobox.com/~cgires/trading/random/
> >
> > for the charts and Perl code. I found some of them a little scary.
> >
> > Are there any examples of Easy Language code that would do something
> > similar? And has Omega offered any evidence that their random number
> > generators are truly random and not psuedo-random?
> >
> > Thanks,
> > Sandy Morton
> >
>
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