what happened to the fractal sell?
#1
Posted 22 September 2007 - 08:56 AM
The future is 90% present and 10% vision.
#2
Posted 22 September 2007 - 09:05 AM
#3
Posted 22 September 2007 - 09:30 AM
The future is 90% present and 10% vision.
#4
Posted 22 September 2007 - 09:49 AM
#5
Posted 22 September 2007 - 10:05 AM
The future is 90% present and 10% vision.
#6
Posted 22 September 2007 - 11:05 AM
#7
Posted 22 September 2007 - 03:59 PM
Fractals are price patterns ONLY. Unless the underlying price pattern is supported by similar sentiment, monetary conditions, etc, it will NOT manifest itself exactly like before.
All you can do is try and confirm as much of the information as you can, pick a point on the fractal and take a position. Then place your stop such that you do not get too much of a reaming if the fractal busts.
As IYB used to say... its all about the CONTEXT.
#8
Posted 22 September 2007 - 04:33 PM
No one has been able to prove the Mandelbrot Set is true, according to Mandelbrot. "But no one has been able to prove it's not true, either," he said, as large pictures of fractals filled the screen behind him.
'Father of Fractals' takes on the stock market
Seeing a snowflake pattern in the NASDAQ
Katharine Stoel Gammon, News Office Correspondent
November 16, 2006
Benoit Mandelbrot is world-famous for making mathematical sense of irregular shapes--clouds that are not round, mountains that are not cones, coastlines that are not smooth, and now, stock markets that are not as simple as previously thought.
Mandelbrot recently began to apply his knowledge of fractals to explain stock markets. "Markets, like oceans, have turbulence," he said. "Some days the change in markets is very small, and some days it moves in a huge leap. Only fractals can explain this kind of random change." He and a journalist, Richard Hudson, have co-written a book on the thorny subject to explain the complex gyrations of stock prices and exchange rates.
LINK
Edited by Rogerdodger, 22 September 2007 - 04:34 PM.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.