Re: [RT] Prediction or Not?

["RB" <rhodes@xxxxxxxxxxxxxx>]

 Glad to get that info.  I was deffinately wrong on the offical 
meaning.  My meaning of the word predict was nothing like that.  
Thanks!  I can see now why most say they are predicting all the time.
 Now on your question:
Do we not declare or indicate pending direction or price in advance?  
Maybe or maybe not.  :)
My indicators show nothing in advance. They mainly follow the market or at 
best turn with the market.  So in my own trading I would have to say 
overall that no, they don't indicate a direction or price in advance.
On your second question:  Again in my trading I would say no. My 
trading is only around 50% correct so price or direction can and does go either 
way.  Money management and stops are what makes my money.
 But, by the meaning of predict you gave, it would mean we all predict 
at times.  And it seems that many predict most all the time.
 Thanks again for the meaning of predict.  You learn something 
new everyday!
 
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  <A title=delta88343@xxxxxxx 
  href="">delta88343@xxxxxxx 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Tuesday, March 09, 2004 5:24 
  PM
  Subject: Re: [RT] Prediction or 
Not?
  
  Merriam Webster says,
   
  Predict - to declare or indicate in advance. 
   
  Do we not declare or indicate pending direction or price in 
advance?
   
  Predict - to foretell on the basis of observation, 
  experience or scientific reason.
   
  Do we not foretell direction or price, based on observation, experience 
  or scientific reason? 
   
  I think we all predict. Some better than others. Some based on better 
  observations than others, some based on better scientific reason than others. 
  But we are all predicting WHERE the market will be in ADVANCE.
   
  If you are not trying to predict to the best of your ability, through 
  experience and observation, then you are GAMBLING.
   
  Gambling - To bet on an uncertain outcome.
   
  Hmm?  
   
  I guess we all gamble when we predict.
   
   







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