Please tell us your opinion. - page 8
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2 Mathemat
...I take the last few bars (may be called a primitive price pattern) and on the history I gather statistics of the next bar up/down and then this statistics...
It is THIS "Statistics is pseudoscience" (which is not my ideomatic expression) that I meant.
And all that Williams stuff, "using overbought/oversold", "crossing something with something" etc. - someone also saw this on a limited period, which in xx% of cases after yyy event can be done. Traders do and they lose => "Statistics is a pseudoscience". :):):):):):)
And the fact that MMM's Expectation of Profit is ZERO is understandable. Here the statistics rules, although I do not know what "probability distribution of these Chara banks" :):):). Nevertheless I read the article! :)
Sorry for dropping in off-topic.