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Pick any current move, go over your historical database, there is always going
to be a period which had the same performance over the same time at about the
same pace. SO WHAT???
This is the pseudo's scientists fallacy...
Gwenn
| -----Ursprungliche Nachricht-----
| Von: swp [SMTP:swp@xxxxxxxxxx]
| Gesendet am: Monday, August 30, 1999 6:17 PM
| An: Terry S. Smith; realtraders@xxxxxxxxxxxx
| Betreff: Re: 1999=1987?
|
| Just look at the charts, and you will see that the correlations are not as
| amazing as those numbers suggest. I am not sure how they got these numbers.
| As long as the general trend is the same, you get huge autocorrelations from
| your data if the computation is done on actual levels. Also, I ran the
| numbers and they are very different. I get a correlation coefficient, using
| levels, at 0.33 and using changes at 0.19 with r-squared at 0.11 and 0.04.
| Maybe they are doing some other calculation or transformation of the data
| (i.e., up weeks versus down weeks, etc.).
|
| Steve
|
| ---
| Steven W. Poser, President
| Poser Global Market Strategies Inc.
|
| url: http://www.poserglobal.com
| email: swp@xxxxxxxxxxxxxxx
|
| Tel: 201-995-0845
| Fax: 201-995-0846
| ----- Original Message -----
| From: Terry S. Smith
| To: realtraders@xxxxxxxxxxxx
| Sent: Monday, August 30, 1999 2:26 PM
| Subject: 1999=1987?
|
|
| 1999=1987?
| Moore research center has just done a correlation study of the 1987 market
| and the current 1999 market. At 90% correlation it may be worth a look.
Check
| it out at http://www.mrci.com/special/dj87.htm and, as always, happy
trading.
|
| << Datei: ATT00004.html >> From ???@??? Tue Aug 31 07:01:38 1999
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Message-ID: <01BEF395.30823970.ggautier@xxxxxxxxxxx>
From: GAUTIER <ggautier@xxxxxxxxxxx>
Reply-To: "ggautier@xxxxxxxxxxx" <ggautier@xxxxxxxxxxx>
To: "'Randy Burns (TCG, Inc.)'" <rburns@xxxxxxxxxxx>,
Realtraders
<realtraders@xxxxxxxxxxxx>
Subject: AW: Street Smarts
Date: Tue, 31 Aug 1999 09:42:49 +0100
Organization: CDC FKT
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Frankly, I'd save the money. None of them tested positive in TS backtesting...
Her edge is in the exits not in the entries.
Gwenn
| -----Ursprungliche Nachricht-----
| Von: Randy Burns (TCG, Inc.) [SMTP:rburns@xxxxxxxxxxx]
| Gesendet am: Tuesday, August 31, 1999 4:46 AM
| An: Realtraders
| Betreff: Street Smarts
|
| Hello!
|
| Does anyone know where I can buy the systems in Linda Raschke's book
| Street Smarts?
|
| I am looking for either a "package" or individual systems.
|
| Thanks for the help!
| << Datei: ATT00017.html >> From ???@??? Tue Aug 31 07:41:19 1999
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From: "Tom Alexander" <gta3@xxxxxxxxxxxxx>
To: <ggautier@xxxxxxxxxxx>, "Realtraders" <realtraders@xxxxxxxxxxxx>
Subject: Re: Street Smarts
Date: Tue, 31 Aug 1999 09:29:31 -0400
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Hi Gwenn,
What do you mean, "her edge is in the exits not in the entries"? Either
their is an edge or there isn't, right? Perhaps a little timing technique
applied to the setups might improve their performance. I do not have the
book but I'm familiar with some of the setups. I'd like to hear more from
you on your experience.
Regards,
Tom Alexander
----------
> From: GAUTIER <ggautier@xxxxxxxxxxx>
> To: 'Randy Burns (TCG, Inc.)' <rburns@xxxxxxxxxxx>; Realtraders
<realtraders@xxxxxxxxxxxx>
> Subject: AW: Street Smarts
> Date: Tuesday, August 31, 1999 4:42 AM
>
> Frankly, I'd save the money. None of them tested positive in TS
backtesting...
> Her edge is in the exits not in the entries.
>
|