DislikedSerial Correlation........ The lack of day-to-day serial correlation in auction markets is often the starting point for random market theory. Studies as early as Labys and Granger (1970) confirm the day-to-day randomness. Even in trending markets, the expectation of up price or down price for the next dayis still about 50-50. Even odds in non-trending markets is easy to understand; in trending ones it is not so obvious. A market that is trending up or down does have an enhanced probability in the trend direction; it is just pretty well masked by...Ignored
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Markets are not efficient, rather they are effective - Jones
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POSTMASTER
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Trade or not to trade - that is the question...
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'For the market to work, it needs people who think that they can beat it.'
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'For the market to work, it needs people who think that they can beat it.'
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Trade or not to trade - that is the question...
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When you see it, BET big.
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'For the market to work, it needs people who think that they can beat it.'
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'For the market to work, it needs people who think that they can beat it.'
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'For the market to work, it needs people who think that they can beat it.'
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