I've been working on my version of what I consider a different view and
perspective in regard the markets. Benoit Mandelbrot came out with his
so-called Fractals and his book, "The (Mis) Behavior of Markets"...a fractal
view of risk, ruin and reward. There was nothing in his book that revealed
anything that would benefit any of us who are market traders. However,
he has been claimed to be the father of fractal geometry, then all the
great mathematicans in the past before him are the grandfathers and
uncles. It is true that he coined the word "fractal". But his attempt to explain
the chaos in the market as something new would cause traders of our ilk to
laugh so hard to joust ones hernia.
You may not know this, but the Pivot Point is really a fashion of a fractal
demonstration of Cantor Set or Vaclav Sierpinski's equilateral triangle. There
are some trading programs claiming to use fractal geometry, but they are
all false. Surely, there must some traders on this forum who may have
some opinions as well interest in learning more about FRACTAL GEOMETRY.
tonyj
perspective in regard the markets. Benoit Mandelbrot came out with his
so-called Fractals and his book, "The (Mis) Behavior of Markets"...a fractal
view of risk, ruin and reward. There was nothing in his book that revealed
anything that would benefit any of us who are market traders. However,
he has been claimed to be the father of fractal geometry, then all the
great mathematicans in the past before him are the grandfathers and
uncles. It is true that he coined the word "fractal". But his attempt to explain
the chaos in the market as something new would cause traders of our ilk to
laugh so hard to joust ones hernia.
You may not know this, but the Pivot Point is really a fashion of a fractal
demonstration of Cantor Set or Vaclav Sierpinski's equilateral triangle. There
are some trading programs claiming to use fractal geometry, but they are
all false. Surely, there must some traders on this forum who may have
some opinions as well interest in learning more about FRACTAL GEOMETRY.
tonyj