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Re[2]: Market Behavior: Random or Not?



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Interesting thread.

An example: electrons being thrown through a small hole against a
screen.

Observer #1 assumes electrons are just smaller particles of molecules
and atoms and hence they have to have mass.  He/she measures that mass
and concludes that electrons are physical objects with mass.

Observer #2 thinks electrons are simply waves of electromagnetic field
and measures them as such.  He/she finds that electrons behave as waves
and concludes that electrons are not physical objects with mass, but
fluctuations of electromagnetic field.

So who is right?  Those who have studied some physics know that *both*
are right.  Aren't markets the same story?  Option traders make money by
assuming markets are random, trend-followers make money by assuming
markets are not random.  If both camps are successful, who is wrong?
Aren't markets a phenomenon that can be described through *multitude*
of different ways, none of which can be said is absolutely right or
wrong?

Best,

Ivo Karindi