I see.
In that case, I suggest you can only recognize it after the fact. It is just
another way of describing a trend, it is trending until it
isn't.
"The question is: Can you
identify such periods and profit from it."
The
answer is: yes, we do it everytime we enter on a market reversal, and exit on a
market reversal.
Rik Rasmussen
Best Charts Yahoo Group Moderator
http://groups.yahoo.com/group/bestcharts/
-----Original Message-----
From: Howard Larson [mailto:[EMAIL PROTECTED]
Sent: Thursday, January 20, 2005 9:24 PM
To: [email protected]
Subject: RE: [bestcharts] Re: BC versions 4.32/4.321Rik, what we are speaking of is the process that produces the stock prices not the process of TA. Stock prices arise from a stochastic process that may be described as either stationary or non-stationary. Much of the theory of stochastic modeling involves stationary processes. However, it appears stock price action is a non-stationary process overall but may have transient periods of stationarity. The question is: Can you identify such periods and profit from it.hl
Rik Rasmussen <[EMAIL PROTECTED]> wrote:
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