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RE: Random Walk alive and well.



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My favorite random generator:
	Teenage girls.

Oh yeah!

--- Pierre Orphelin <sirtrade@xxxxxxxxxx> wrote:
> True random  generators exist.
> Most of them are based on radioactive decay phenomenon, lava lamps, or
> electronic noise from special electronical devices.
> These data are tested over a large battery of randomness tests and are
> available
> for sale.
> They are used to fine tune Las Vegas slot machines and the like, and
> scientific
> works.
> This is the kind of data that I bought to present the Paris conference last
> year.
> Of course, computer generated random numbers are not realy random, but give
> an
> easy approximation of randomness for non mission critical apps.
> 
> Sincerely,
> 
> Pierre Orphelin
> www.sirtrade.com
> TradeStation Technologies representative in France
> Safir-X neurofuzzy logic trading system builder
> 
> To subscribe to our FREE trading system newsletter:
> http://www.sirtrade.com/newsletter.htm
> 
> 
> 
> 
> 
> 
> 
> > -----Message d'origine-----
> > De : frode aschim [mailto:gruppemail@xxxxxxxxxx]
> > Envoyé : samedi 9 février 2002 22:28
> > À : Rob Marsh; omega list
> > Objet : RE: Random Walk alive and well.
> >
> >
> > Hi Rob,
> > Yes - random numbers can look like a normal chart. If you read some of the
> > technical analyst books this matter is quite often debated. In my view,
> that
> > doesn't sober me, being a technical analyst. In fact, that fact makes me do
> > the opposite.
> >
> > A note though: If you look in newsgroup you will see numerous examples of
> > errors in the random function to Excel. In fact, it is not random.
> >
> > Having said that, the concept of Randomness is quite an interesting one.
> > From what I know there has never been a successful attempt to create 100%
> > RANDOM numbers, because simply in order to create something "random" you
> > need to relate to something.
> >
> > BRGDS
> > Frode
> > xxx.xxxxxxxxxxxx.xxx
> >
> >
> > -----Original Message-----
> > From: Rob Marsh [mailto:dartingriver@xxxxxxxxxxxxxxxxxxxxx]
> > Sent: Saturday, February 09, 2002 10:08 PM
> > To: omega list
> > Subject: Random Walk alive and well.
> >
> >
> > While fiddling about in Excel today, quite by chance I found something
> quite
> > sobering (from a classical chartist's point of view anyway)
> >
> > If you have a couple of minutes try creating the following simple Excel
> > spreadsheet ( to generate a random walk 'price chart')
> >
> > In cell A2 :
> > =rand()
> >
> > In Cell B2:
> > =if(A2<=0.5,1,-1)
> >
> > In Cell C2:
> > =C1+B2
> >
> > Copy this down (say) 3000 rows and plot a line graph of column C.
> >
> > Then keep regenerating the random numbers using F9 to get a freshly
> > generated random walk each time.
> >
> > What do you see?
> >
> >     Trend lines, retracements, consolidations, breakouts, Support,
> > Resistance, Head and            Shoulders, double tops, V-shaped
> > bottoms...........etc....etc.
> >
> > Any pattern you like in fact.
> >
> > They are all there if you have an eye for them.
> >
> > AND ALL ON CHARTS THAT ACTUALLY ARE RANDOM WALK!
> >
> >
> >
> >
>