[RT] Prediction or Not?

["Trey Johnson" <dickjohnson3@xxxxxxxxxxxxxx>]

Hello All,

            Certain
indicators do certainly predict and <font size=2 color=navy
 face=Arial>Clyde<font
size=2 color=navy face=Arial> has been kind enough to post many examples of this where he shows
potential price paths in the future. However, most canned technical indicators
don&#8217;t predict or anticipate anything. They only tell you what happened in
the past, what you already know. Stochastics, %R, Bollinger Bands all fall into
this category. They look back in time not forward. It&#8217;s my opinion that
this is the reason it is so difficult to build a successful mechanical system
with this category of indicators. On the other hand, some indicators do
anticipate or predict, such as breakouts, support/resistance, pitchforks. This topic
has a lot of potential if we can keep the emotions in check.

Trey

 

<span
>-----Original Message-----
From: ClydeLee (swb)
[mailto:clydelee@xxxxxxxxxx] 
Sent: Monday, March
 08, 2004 <span
 >9:33 PM<font size=2
face=Tahoma>
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] nasdaq and sp500
top

<span
> 



<span
>What the hell is so bad about
predicting.





<span
> 





<span
>I predict all the time.





<span
> 





<span
>I predict I will live over the night
and get up in the morning.





<span
>I predict that I will leave the
house at 7-7:15 and arrive at the office in 7-15 minutes.





<span
>I predict that I will leave the
office at 3:30<span
> +/- 15 minutes and 7-15 minutes to
home.





<span
> 





<span
>We are always PRDICTING/ANTICIPATING
-- I have never heard





<span
>so much crap for people not willing
to admit that they do predict





<span
>what will happen when they take some
action.





<span
> 





<span
>Semantics, semantics, BS, BS, BS ! !
! ! 





<span
> 





<span
 >Clyde





<span
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Clyde Lee  
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SwingMachine)
SYTECH Corporation          email:
clydelee@xxxxxxxxxxxx  
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