Re: [RT] Prediction or Not?

["RB" <rhodes@xxxxxxxxxxxxxx>]

You are probably right.  All my stuff shows 
the past and now.
I even at times use a stop and reverse, because I 
have no idea what will happen next.
I don't think I have seen any indictaors that 
actually predict.
Do you mean they predict what will happen?  Or 
project what may happen?  Which is not a prediction at all.
Kind of like those charts you see with hundreds of 
lines.
Yes one will hit once in a while.  
:)
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  <A title=dickjohnson3@xxxxxxxxxxxxxx 
  href="">Trey Johnson 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Tuesday, March 09, 2004 6:50 
  AM
  Subject: [RT] Prediction or Not?
  
  
  <SPAN 
  >Hello 
  All,
  <SPAN 
  >            
  Certain indicators do certainly predict and <FONT face=Arial 
  color=navy size=2><SPAN 
  >Clyde<FONT 
  face=Arial color=navy size=2><SPAN 
  > 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’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’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.
  <SPAN 
  >Trey
  <SPAN 
  > 
  <SPAN 
  >-----Original 
  Message-----From: ClydeLee 
  (swb) [mailto:clydelee@xxxxxxxxxx] <SPAN 
  >Sent: <FONT face=Tahoma 
  size=2>Monday, March 08, 
  2004<SPAN 
  > <FONT face=Tahoma 
  size=2>9:33 
  PM<SPAN 
  ><SPAN 
  >To: 
  realtraders@xxxxxxxxxxxxxxx<SPAN 
  >Subject: Re: [RT] nasdaq and sp500 
  top
  <FONT face="Times New Roman" 
  size=3> 
  
  <SPAN 
  >What the hell is so bad about 
  predicting.
  
  <FONT face="Times New Roman" 
  size=3> 
  
  <SPAN 
  >I predict all the 
  time.
  
  <FONT face="Times New Roman" 
  size=3> 
  
  <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 <SPAN 
  >3:30<FONT face=Arial 
  size=2> +/- 15 minutes and 
  7-15 minutes to home.
  
  <FONT face="Times New Roman" 
  size=3> 
  
  <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.
  
  <FONT face="Times New Roman" 
  size=3> 
  
  <SPAN 
  >Semantics, semantics, BS, BS, BS ! 
  ! ! ! 
  
  <FONT face="Times New Roman" 
  size=3> 
  
  <SPAN 
  >Clyde
  
  <FONT face="Times New Roman" 
  size=3>- - - - - - - - - - - - - - - - - - - - 
  -  - - - - - - -Clyde Lee   
  Chairman/CEO          (Home of 
  SwingMachine)SYTECH 
  Corporation          email: <A 
  href="">clydelee@xxxxxxxxxxxx  7910 
  Westglen, Suite 105       
  Office:    (713) 783-9540Houston,  TX  
  77063               
  Fax:    (713) 783-1092Details 
  at:                      
  www.theswingmachine.com- - - 
  - - - - - - - - - - - - - - - - -  - - - - - - - -<FONT 
  face="Courier New" size=2><SPAN 
  > 
  







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