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These anecdotes you post prove nothing. So Trader B lost money in his trendfollowing system. So what? What does that have to do with all the other trendfollowers, many of them very successful? If you were expecting universal success, then that's just being naive. This is a competitive...

I didn't say that. I said cheap stocks tend to have low volume. If you need further clarification, that means most -- not all, most -- cheap stocks have low volume. This is a fact. And low volume spells illiquidity, something most active traders should avoid.

It's not price, it's volume. Cheap stocks tend to be low-volume stocks, and low-volume stocks are easily manipulated by floor traders, etc. I stay away from stocks with average daily volumes less than 100,000 shares, regardless of price. hth

Malkiel is such a flipping hypocrite, touting one thing while doing the opposite himself. And he keeps selling the same damn lie; classic reactionary bushwa.

kotika: "Given a sharpe ratio S, the log of your wealth W will grow like: ln(W) = S^2/2 * N after N trades." S = sqrt[2*N*ln[W]] = sqrt[2*40*ln[1.3]] = 4.58

Given the context, pepper_john's post was about AMH. That's why I queried your reply, which I now see is a non sequitur. :cool:

Thinking the economystics (excluding rare exceptions like Lo) are scientific is a mistake. RWT is quintessential pseudoscience (specifically, begging the question). :cool:

Chaos theory is about as relevant to market analysis as astrology. All sizzle, no steak.

Who was talking about AMH (adaptive market hypothesis) in 1945? :confused:

Stock prices have non-stationary noise. If they were all noise, you wouldn't be able to trade them. Money management means squat without an edge. Good indicators will give you that edge. Mediocre indicators won't. :cool:

Trend following works better in general than trend fading. Overbought/oversold indicators are overrated IMO. Not everybody. :)

Now that's one of the smartest things ever written in this forum. :cool:

What Thunderdog said. :D P.S. Don't ask what the right TA is. Those who know, don't say. OK, sometimes they say ... fortunately most traders ignore them anyway. :D :D

Depends on what you mean by volatility. During a strong uptrend that lasts several days in a row, volatility as measured by standard deviation of daily returns will be low, but volatility as measured by ATR will be high.

It's clear that people mean different things when they say "prediction", so there's a lot of talking past each other in this thread. If I may be so bold: Just for the sake of discussion, in this post I use prediction to mean "any statement about the future that involves uncertainty". You...

http://www.stockcharts.com/education/IndicatorAnalysis/indic_priceOscillator.html

For the second time, a TA thread I posted to has been moved to Chit Chat. I don't even browse Chit Chat, much less post there. :mad: Yo, moderator, what's going on here? I don't see where astrology is any flakier than a lot of other TA stuff here that doesn't get relocated. Want me to...

You can do a search here in ET and find comments from former NN-users expressing the failure of NNs to add to their bottom line.

There's no contradiction in being both, as is evident here. gharghur2 : Murray, Thunderdog... I certainly agree that the Elliott Wave has received a lot of negative publicity for many years. However, I assure you, it is not the theory that is subjective, but the pundits interpreting what...

You left out the part where you refused to answer pertinent questions. That always inspires confidence in a touter. :p