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: Prechter is brilliant, a true scientist
Bullshit. What writings have he made subject to peer review? What scientific
dicoveries has he made?
: and a non-conformist
Perhaps.
: who has
: the courage to put his convictions on the line. Mandelbrot is a
: desperate plagiarist attempting to rationalize his misdeed.
More bullshit. You've made an accusation that he's a plagiarist. Prove it.
If you've read his writings, you'll realized that he has not plagiarized
anything. Everything he has written is subject to perr review and if he had
plagiarized anything, he would have been caught and subject to more scathing
attack than this. The fact that his graph in Scientific American resembles
an Elliot Wave is conincidental, not deliberate.
If you read his writings, you'll find out that price distribution is scale
invariant, meaning that a 5 min chart has the same distribution as a daily
or even monthly chart. You'll also find out that the distribution is
Levy-Pareto, not Gaussian, which means that prices will concentrate together
in these big moves we've seen lately (fat tail ends.).
If you care to post from ignorance, so be it. But you cannot attack
Mandelbrot with these baseless accuasations and get away with it.
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