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As previous VP client this is how they define 80% precision.
They have an 80% change that the close tommorrow will be lower/higher than
the close yesterday.
The real nifty trick here is that you CAN NOT buy yesterdays stock.
If you take that information from TODAY's close there is no longer a real
advantage (since the price in general moved too much in that direction
already).
Thanks
Robert
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Robert Linders
Orlando, FL
email: mugsnug@xxxxxxxxx
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----- Original Message -----
From: "Ian McVicar" <icm63@xxxxxxxxxxx>
To: "Michael Begley" <michaelbegley@xxxxxxxxxxxxx>; "OmegaList"
<omega-list@xxxxxxxxxx>
Sent: Thursday, January 17, 2002 4:11 PM
Subject: RE: TradeStation & VantagePoint
> 80% accurate of What ?
>
> I studied NN and my conclusion was this : Unless you can get 70% success
on a
> NN predicting turning points, it is a waste of time. Most NN fail when
picking
> turning points. (This is the true test of a NN)
>
> NOT, I repeat NOT predicting future price in a trend, that is dead easy.
VP
> results are very poor (in my opinion) in picking turning points. The 80%
is
> from nice trending securities.
>
> There results would average 40% to 60% in turning points, then I would
advocate
> tossing a coin !
>
> Rgds
>
> Ian
>
> http://my.yahoo.com.au - My Yahoo!
> - It's My Yahoo! Get your own!
>
>
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