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Jim,
Why would anyone go to the time and trouble to
formulate the data, do the analysis required, apply all of the screening
tests and then take the risk of attempting to predict the future for a paltry
$1,000?
Thanks
Tom
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Jim White
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, April 13, 2002 9:28
PM
Subject: Re: [RT] $1000.00
CHALLANGE
Clyde,
You are correct. The definition of a reversal is
as follows:
For a high pivot, the reversal is confirmed by a
close below the low of the bar with the highest high. For a low pivot, the
reversal is confirmed by the close above the high of the bar with the lowest
low. Prediction of the next reversal high or low must be posted with email
date of that day. And yes I am restricting the challenge to daily data as a
matter of practicality.
Jim
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Clyde Lee
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, April 13, 2002 6:45
PM
Subject: Re: [RT] $1000.00
CHALLANGE
Jim,
For this to be a viable challenge you must
specify what is a "REVERSAL" for
purposes of this test.
The definition must be one for which an
algorithm can be written to detect all
reversals that are to be considered and such
must be a reasonable
approach to determining such
reversals.
Until this definition exists then it would be
foolish to begin to try to predict
undefined reversals.
From your post it would seem that you are
looking at daily data. Is that a
correct assumption or are other time intervals
for price measurement
to be considered.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- -
- - - - - - - - - - - - - - - - - - - - - - - - - -
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Jim White
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, April 13, 2002 8:36
PM
Subject: [RT] $1000.00
CHALLANGE
Perhaps my challenge went unnoticed. I
believe that predicting the price of a reversal is not possible. If anyone
can prove a method that will predict the reversal price of a market within
50% of the five day average range, 80% % of the time . I will pay you
$1000.00. The rules are simple. Predict ahead of time by this list the
reversal price for 100 observations and have 80 % or more within
actual reversal price +/- 25% of average daily range. Are there any
takers?
Jim
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