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Re: leading/lagging indicators



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In a message dated 98-07-12 20:14:23 EDT, Chartrich writes:

> So does the fact that the coefficients "went to hell" mean that indicators 
> are essentially useless?

No, but it does mean that they don't lead or predict price.  One can look at
indicator behavior, and find patterns, that have a high probablity of
repeating.  But that isn't predictive or leading.