Single or Multiple Timeframe Strategies?

Quote from kut2k2:

found at wilmott.com, posted here without commentary:

"I think wavelets are overrated. Wavelets provide optimal representation (in the nonlinear approximation sense) of piecewise smooth signals. If your data is piecewise smooth (like e.g. images) then it would be hard to beat wavelets. If not, then there is NO reason to believe wavelets will be useful at all."
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I wouldn't disagree with that remark. That's why i was refering to denoising. The logic being that if there is information to be extracted wavelets are a decent basis by which to approach that.


Thx
D
 
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