The Surf Report--part 2

RIP MARK HAINES one of the greats! A day of silence from the surf shack, in respect.

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Quote from Corelio:

lol..you're hilarious. First you start with time-series, market internals and intermarket analysis as drivers for analysis which are heavily skewed to technical analysis.

Originally what you had implied is that any market decision is dependent on prior price action accompanied by current market action (intermarket analysis and market internals) as drivers for proper trade placement. Now, you expand your judgment to price itself which is basically an input variable to most strategies.

Fundamental, news based and balance sheet quant strategies do not depend on stock price action.

But let's see what you have next Sherlock Holmes...only on Elitetrader
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You will have to show me where I referred to anything other than price action, the simplest and purest form of TA, be it in chart form or whatever. Please do not attribute any other content to me.

As for "fundamental, news based and balance sheet quant strategies do not depend on stock price action," I would be interested to know how they are timed without reference to price action. Perhaps you would care to educate me?
 
@Corelio:
Are you trying to imply that one can do arbitrage without knowing the price?

No one said anything about charts. Marketsurfer claimed to use elements other than price. Even with fundamental analysis you have to compare the (assumed) value to the market price...
 
Quote from marketsurfer:

RIP MARK HAINES one of the greats!
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Although he's been around forever I never really liked him that much.





So what's your probability of the S&P closing down today smurf?
 
Quote from lornz:

@Corelio:
Are you trying to imply that one can do arbitrage without knowing the price?

No one said anything about charts. Marketsurfer claimed to use elements other than price. Even with fundamental analysis you have to compare the (assumed) value to the market price...
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http://www.amazon.com/Quantitative-...=sr_1_1?ie=UTF8&s=books&qid=1306335747&sr=8-1

Quant based balance sheet strategies don't rely on price. Portfolio or asset allocation can be solely based on fundamental metrics.
 
Quote from Lucrum:

Although he's been around forever I never really liked him that much.





So what's your probability of the S&P closing down today smurf?
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Less than 35%. The SP will close higher today based on our metrics.

surf
 
Quote from marketsurfer:

Less than 35%. The SP will close higher today based on our metrics.

surf
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Quote from marketsurfer:
05-25-11 08:52 AM
...stay short surfers.
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Hmmmm...OK.
 
Quote from Corelio:

...Quant based balance sheet strategies don't rely on price. Portfolio or asset allocation can be solely based on fundamental metrics.
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Could you identify a few of the bigger players who employ such "quant" strategies to the exclusion of prevailing instrument price? Is this the way you trade? And by "balance sheet strategies" I assume you refer to financial statement strategies, since the B/S is only one component of financial disclosure.
 
Quote from marketsurfer:

sure, as stated several pages ago:

<i>It is quite complex and takes into account multiple outside the market influencers rather than internal price structure. Basically we weigh and balance almost every possible market influence outside of price action to get a ball park figure of percentage chance of a particular outcome.

Being that price has already happened, and is a function of drivers, rather than what TA believers state, the theory behind the surf system is that the factors driving price are the varibles needed to ascertain future price. We dismiss all past price action as being noise to the real reason what happens after the trade is entered.</i>
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:p :p :p
 
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