7 replies to this topic

[Tor]

OEX currently at 710 fwiw.

[relax]

i think you misunderstood it was the fractal for december ;-)

[Tor]

LOL. I understand fractals always change as they are dynamic, so gusss they point to a parabola now;)

[relax]

I could imagine that when they work it gives one a magical feeling and I guess this feeling is what makes fractals a bit more attractive than other analysis but like other indicators fractals have their good and bad moments

[Tor]

...true and the bad moment coming just after a few good moments.....in time to completely wipe u out. no time frames, little explanation, target levels missing, time periods varying due to dynamic nature, they arent for me. prefer to know what i buy.

[dcengr]

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.

[ogm]

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.

[Rogerdodger]

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.