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My view would be if I cannot at least remove subjectivity for testing
purposes, and code the system as a set of rules, then I cannot be
convinced the system will work for me. I couldn't trade it because I
need quantitative evidence to convince me it works. There are too many
"fluffy views" and vague promises around and not enough "hard evidence".
Harold
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From: R.Griess[SMTP:greaser@xxxxxxx]
Sent: Sunday, 26 April 1998 23:44
To: realtraders@xxxxxxxxxxxxxx
Subject: MKT TIMING-Subjective Interpretation
David Cicia wrote:
>What I'd like to see is specific correlations and precise indications,
>not subject to subjective interpetation.
RT's,
The above quote was used in a post about astrology. As I read it, I said
to myself: "Golly, the quest for the Holy Grail".
While the quote itself was directed at astrology, could it not apply to
virtually every technical indicator, computerized system or even Delta
(since that has been a hot topic here recently)? The key phrase is
subjective interpretation!!
I might interpret a stochastic one way and you another. Or, you might
interpret a RSI one way and I another. System trader XYZ might use a
system one way while system trader ABC might use the same system another
way. Norman might interpret the stars one way and Arch Crawford another.
SUBJECTIVE INTERPRETATION!!
Is there such a thing as specific correlations that stand up??
I don't pretend to have the answers......., but would welcome suggestions
as to where to look.
Ron
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