|
PureBytes Links
Trading Reference Links
|
Gary Fritz wrote:
> "Jay Mackro" <jmackro@xxxxxxxxxxxx> wrote:
> > All that I believe you can say from the chart attached to your
> > message is that the trend had been downward leading into Friday,
> > and that a polynomial projection would continue to point downward.
> > Is that a "prediction"? Not in my book.
>
> Right. A polynomial projection is no more a prediction than a
> trendline is. Think of a polynomial projection as a "curved"
> trendline.
>
> Prices might follow trendlines, or they might not. Same with the
> poly projection.
>
> Gary
Polynomial? Polly want a cracker!
Squakingly,
Norman
|