Maybe you haven't been reading Cheese's posts regarding this type of discussion for very long. My point is that we are talking about volatility. Not price waves and not the income potential of the average Et'er. Volatility forecasting to be specific.
All that aside, I understand what the term "price wave" means - however - for all practical purposes you might as well call it a price tsunami, or, maybe a ripple, how about a price flush, or a price waterfall, avalanche etc... get my drift (no pun intended)? I understand the terminology quite well, however the TERM itself is meaningless. What the hell does calling it anything have to do with volatility? NOTHING. His post was irrelevant and he managed to throw in an opinion about another irrelevant topic.
It doesn't matter what you call a price movement. The price moves up and down. Period. Sometimes it takes a few minutes, sometimes a few seconds. Sometimes a year.
Back to the topic. I was hoping that we could start a discussion about historical and implied volatility models. The merits of each, the mathematical approaches used, results etc... Is anyone here familiar with the ASAM? Anyone???
