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[amibroker] Re: Non-Random Walk does not mean technical analysis is predictive



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Hi: 
FA = Fundamental Analysis.
> "Econophysics" is not my invention, is just a common term used among
> physics community 
Indeed. We need to thank HE Stanley and folks like him for that 
splendid gift. Econophysics is not physics: Titles like 
http://www.amazon.com/Quantitative-Finance-Physicists-Introduction-
Advanced/dp/product-description/012088464X
should read as 'Basic Finance for Physicists who could not find a 
faculty job and want to join Wall Street'. If someone can draw 
useful analogies with math used in physics, that's fine, but this is 
not physics. Since there is a statistical interpretation of quantum 
mechanics, some folks would be talking about QM in trading. There 
seems to be no such discipline in physics that cannot be successfully 
applied to trading:) I think the success of physicists who joined the 
Street is related to their excellent education and smarts in creative 
solving of complex problems, more than their particular knowledge of 
e.g. QM.

> Market manipulation is what really governs the market
This is unfortunate.

--- In amibroker@xxxxxxxxxxxxxxx, "loveyourenemynow" 
<loveyourenemynow@xxx> wrote:
>
> Hi,
> 
> Can you specify what do you mean by FA?
> ARIMA etc is time series analysis, and TA is primitive linear 
version
> of it, mixed with some superstition 
> 
> Economists do not understand physic language, and they are upset
> physicists can do their job better without a PhD in finance or 
knowing
> what macroeconomics is
> It is not a scientific matter, but corporative interest, whey want 
to
> keep the control of the financial world
> 
> Walls street quant are physicists not economy major as far as I know
> and they use time series as you mentioned not TA
> 
> "Econophysics" is not my invention, is just a common term used among
> physics community 
> 
> My view about this entire subject is very simple: opportunities
> disappear when a lot of people realize them so you always have to 
find
> something new, and TA is not so new ... and people like Gann ended 
up
> living writing books rather than trading.
> It is good to give a lot of illusions to a lot of small investors so
> they can waste their money (as 90% of traders do) and give it to 
banks
> and brokers
> 
> In this regard TA is really successful
> Market manipulation is what really governs the market
> 
> 
> Thanks
> Ly
>


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