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Hi all
<br>"A cardinal rule for the successful use of technical analysis requires
avoiding multicolinearity amid indicators. Multicolinearity is simply the
multiple counting of the same information. The use of four different indicators
all derived from the same series of closing prices to confirm each other
is a perfect example." stated by the author from this site
<br>I just feel that too many traders are using too many same indicators
using the same set of time series numbers to trade with and it definitely
not the way to start or build a trading system.
<br>The truth be told, some of the best "indicator" comes from this realtrader
list especially when folks talk about the "market"..
<p>regards
<br>gary
<br>MRLYNNG@xxxxxxx wrote:
<blockquote TYPE=CITE>In a message dated 5/2/99 9:23:36 AM Pacific Daylight
Time, ist@xxxxxx writes:
<p><< Hurst proved that the cycles vary and that there are cycles
within cycles.</blockquote>
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</x-html>From ???@??? Sun May 02 12:37:22 1999
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Date: Sun, 02 May 1999 12:22:42 -0700
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From: Mervin Yeung <tinyeung@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Mechanical Trading Update-Response
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Hi RTs,
Can we call it a cycle IF it does not have a fix frequency and
amplitude?
Mervin
gary bodnar wrote:
>
> Hi all
> "A cardinal rule for the successful use of technical analysis requires
> avoiding multicolinearity amid indicators. Multicolinearity is simply
> the multiple counting of the same information. The use of four
> different indicators all derived from the same series of closing
> prices to confirm each other is a perfect example." stated by the
> author from this site
> I just feel that too many traders are using too many same indicators
> using the same set of time series numbers to trade with and it
> definitely not the way to start or build a trading system.
> The truth be told, some of the best "indicator" comes from this
> realtrader list especially when folks talk about the "market"..
>
> regards
> gary
> MRLYNNG@xxxxxxx wrote:
>
> > In a message dated 5/2/99 9:23:36 AM Pacific Daylight Time,
> > ist@xxxxxx writes:
> >
> > << Hurst proved that the cycles vary and that there are cycles
> > within cycles.
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