Message:

<p>[QUOTE=&quot;-jeffB, post: 1168323, member: 27832&quot;]Okay, so that <i>is</i> predicting the future -- just not in terms of exact price points. Specifically, it&#039;s assuming that past performance <i>is</i> a predictor of future results -- which it probably is, except when it isn&#039;t. But, yeah, probably more than 50% of the time.</p><p><br /></p><p>From &quot;things that are rising will likely continue to rise&quot;, it&#039;s a small step to &quot;things that spike suddenly will often fall back a little bit the next day (as people take profits)&quot;, and other higher-order patterns. Soon, you&#039;re up to your eyeballs in intimidating equations, which do a pretty good job of predicting what will happen next, except when they don&#039;t.</p><p><br /></p><p>But it <i>is</i> still predicting the future. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in