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Agreed. Anytime that someone tells you that they have an indicator that
tells you exactly what the market will do anytime in the future, run don't
walk away. The best that can be hoped for is an indicator that stays even
with the market and, or gives a probable outcome in the near future.
Brent
> "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
>
>
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> http://www.markbrown.com/list.htm
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