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Gwenn and RT,
Rumor mill says Bills working on a cash cow. :)
If you are interested in fractals, better to stick with the basics
of Chaos. Simply put, chaos represents "Stable" and "unstable"
states. 0 or 1.
Good Chaos indicators can be written using
ratios of converging data sets. As an example, a ratio of long term
volatility vs. short term volatility can be created by the formula:
0.5 / (ShortTermVol / LongTermVol)
Where resultant values greater than " 1 " means a market that is
about to explode.
BobR posted his PFE indicator a while back. An excellent example
of use of a "fractal engine" in trading.
Walt Downs
CIS Trading
Gwenn wrote:
>Well this is not much of a surprise to me. I liked the book as well, but
upon
>testing the ideas, I never came close to anything profitable. Doing the
reverse
>was not a good idea either, so as for the rest, just let it go...
>
>Gwenn
>
>
>RJK126@xxxxxxx a écrit:
>
>> Some time ago I posted a message to this forum about a web site of Bill
>> Wiliams' that I had run into. At that occasion I mentioned that he was
posting
>> daily calls for a portfolio of commodities and stocks. After suffering
heavy
>> losses in the commodities he simply eliminated them from the portfolio
and
>> went on posting some positive results for the stocks. Bill Wiliams is a
CTA
>> and a trading system developer. Obviously this page has the objective to
>> attract new prospects to his business. Now how can you trust somebody
with
>> your money under these circumstances?? More yet. When I went back to
check his
>> page today (15/7/98) to see how the Stock portfolio was doing there was a
>> message there saying that the postings had been discontinued temporaryly
>> because (Watch this) THE MARKETS ARE IN A VERY CHOPPY WAVE 4 FORMATION.
Can
>> you belive this guy????I do not know Bill Wiliams, never had any business
with
>> him (just bought his book) and got nothing personal against the guy.(I
even
>> enjoyed reading his book until it came to the part when he started
calling
>> Swings as Fractals). But something has to be undertaken against persons
who
>> use misinformation to dig into peoples pockets.
>> If someone is interested in checking out the menioned web site it is:
>> http://www.internationaltrading.com/williams/watch_williams_trade.html
>> Just thought in sharing my outrage.
>>
>> Good trading
>>
>> Robert K.
>
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