Interesting Site...

Originally posted by profitseer
hey Breakout, If I'd spent as much time at this site as I did reading the posts on the Random Trading thread my life would be a lot less complicated.

Here's 4 sentences which sum it all up. It will put you in the right mood to profit when random ocurrances start trending.

I'm having a blast over there.
http://www.incrediblecharts.com/technical/gamblers'_logic.htm
More...


hey profitseer,glad you like the site. I checked out that URL.
I never really thought about it that way. I don't keep in mind
that it doesn't matter how many times heads has come up in
a row. The fact is, the odds of getting tails on the next toss is still 50/50, and that's
that...lol

The natural inclination is to believe that the longer the string of
heads, the greater your chances of getting tails on the next
toss...not so.


Thanks for pointing that URL out...:D


Here's another site I discovered, here on Elite...

www.dacharts.com/index.php


There's some guy who goes by "NQoos" who has some
interesting charts posted.


www.dacharts.com/archives/NQoos_Divergences/
 
Originally posted by profitseer
Another example of what you just might find over there.

Empirical tests carried out on various chart formations by Professor Earl Davis of Purdue University were profitable between 70 and 90 per cent of the time in bull markets and between 80 and 90 per cent in bear markets. Average gains (on profitable trades) were 2 to 3 times as large as average losses (on unprofitable trades). Thomas Dorsey describes the results of the study in Point & Figure Charting, including which formations had the highest success rates
More...


Sounds like some good stuff...


:)
 
HI

I ran across that site too, about a year ago. At that time they didnt have access to exchanges in America and they still don't! Its an impressive site, though. If they would include a screener, it could challenge alot of TA programs.

sterling
 
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