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Message from discussion So, What's going on with the GOOG
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justi...@gmail.com  
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 More options Nov 26 2007, 11:39 pm
From: justi...@gmail.com
Date: Mon, 26 Nov 2007 20:39:30 -0800 (PST)
Local: Mon, Nov 26 2007 11:39 pm
Subject: Re: So, What's going on with the GOOG
Marcus. I have an open mind, and I appreciate your work. But I'm not
buying the idea that the Fibonacci model is a better predictive model
over time vs. other systems that attempt to predict market behavior,
even if solely applied to your test cases.

It might not be a Voodoo indicator, but if it were that simple
everyone would be using it, leading to a statistical wash. Otherwise
it's a coincidence until you have enough data to prove a case. One
stock with one theory over one time period does not make a useful
model that can be applied in general.

I'm not saying signals cannot be missed in the noise, just that it is
almost as bad as your local weather forecast, which employs billions
of dollars of satellite data and supercomputer time each day using the
most advanced models that your tax dollars can buy.


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