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I don't think they were unaware of the types of orders executed, but, as the article indicated, might have thought the impact of not supporting certain order possibilities (spreads with tails) in Globex would be 'minor', which, looks like, it is not!

Well, I don't think Niederhoffer sucks. I have immense respect for the man. However, his opinions are his, and should not be construed as gospel (meaning as used: something accepted or promoted as infallible truth or as a guiding principle or doctrine -- webster) as his followers here seem to be...

Is that you on the left Dave? Nice to put a face to the name. Apart from that, what was the point of this post? Just a random post as usual? :)

Brother @marketsurfer: This is NOT FAIR. How could you do this behind my back? How could you edit your post (after I defended your unedited post) and say "Momentum works sometimes". How could you add so many other 'qualifiers' (a terminology from logic, in case you are sweating over the meaning...

Wrong place Mr. V This thread is all about 'chit-chat'. There is no place for serious discussion! :)

Brother @debitspread: I am so glad I am able to follow your line of reasoning. I can see how lack of such citation (to the updated work) can certainly make momentum strategies inferior, useless, and not valid. I don't understand why other nay-sayers here are unable to follow our line of...

Brother @debitspread: My imaginary friend goofy, who doesn't have a PhD in Finance, pointed me to a paper by two guys with funny names -- Fama and French -- who wrote a seminal paper in 1992 putting two words that don't belong together: 'Factor' and 'Model'. There they seem to claim the same...

Come on Surf. I don't hate you. You have given me no reason to hate you. We might have differences, but that doesn't translate to hate. How could one hate someone who makes them laugh so much? I for sure can't.

Brother @debitspread: I am so glad I am on your side 'cos your arguments are as sensible as brother @marketsurfer's However, I have one question: If someone confronts me with data and makes coments like this: the returns of a zero cost portfolio that consists of a long position in past...

Brother @marketsurfer: I also read in one of those peer-reviewed journal papers that [We also found ....] the mean reversion portfolio also had a low correlation to momentum, indicating that the two strategies are complementary and can profitably coexist. How in the world is this even...

Yea, @Butterball, look at that date. While you are at it, look at the date of merton-black-scholes paper too! That paper is ancient in market time. That work is invalid too! Awesome rebuttal brother Surf.

@i am nobody: Please don't mock us (as to reason for 'us' i.e., brother @marketsurfer and me, see my earlier post addressed to @Butterball). We of course know how to read a chart. The values of S&P are 1963, 1978, 1988, etc. What doesn't make sense is the Y-axis. Please stop confusing us. What...

@Butterball: Come on now. You are not being fair to us (us: 'cos I had an epiphany last night, and have decided to become a self appointed "guard" to protect brother @marketsurfer from vicious attacks from people who's arguments have logical merit). Those papers have words like 'Factor models'...

What is the use explaining religion to an atheist? or evolution to a creationist? Seems to me it will be as meaningful as a dog barking at the sun!

My Lord, Do you mean to imply that one should only follow 'superior' trading strategies? If so, what shall be of those lowly beings who make money following 'inferior' trading strategies? I, My Lord, can hardly add 3 things together. Can you please let us know what the probability of what you...

@Pasternak: I don't think anybody making their case here is "think[ing] of something as black or white". In fact, everyone is asking that Mr. Neiderhoffer and his cronies adhere to what you have said above: "Be flexible and adaptive. There is no correct or wrong way in the markets." ..... so...

.... and there goes my only opportunity! Can I stay on for the entertainment part at least? :)

My Lord, I am just a Troll seeking (enlightenment .... strike that) entertainment from Thee!

Qualified enough to debate with other Neurosurgeons .... yes, right! :)

My Lord, how do Thee define "objective"? The lowly Webster defines it as based on facts rather than feelings or opinions Do Thee suggest that the definition of trend as defined by many Trend Traders as "higher highers and higher lows", or "lower highs and lower lows" exists only in their...