RIP MARK HAINES one of the greats! A day of silence from the surf shack, in respect. <iframe width="425" height="349" src="http://www.youtube.com/embed/LrAY3ZxVOH4" frameborder="0" allowfullscreen></iframe>
You will have to show me where I referred to anything other than price action, the simplest and purest form of TA, be it in chart form or whatever. Please do not attribute any other content to me. As for "fundamental, news based and balance sheet quant strategies do not depend on stock price action," I would be interested to know how they are timed without reference to price action. Perhaps you would care to educate me?
@Corelio: Are you trying to imply that one can do arbitrage without knowing the price? No one said anything about charts. Marketsurfer claimed to use elements other than price. Even with fundamental analysis you have to compare the (assumed) value to the market price...
Although he's been around forever I never really liked him that much. So what's your probability of the S&P closing down today smurf?
http://www.amazon.com/Quantitative-...=sr_1_1?ie=UTF8&s=books&qid=1306335747&sr=8-1 Quant based balance sheet strategies don't rely on price. Portfolio or asset allocation can be solely based on fundamental metrics.
Could you identify a few of the bigger players who employ such "quant" strategies to the exclusion of prevailing instrument price? Is this the way you trade? And by "balance sheet strategies" I assume you refer to financial statement strategies, since the B/S is only one component of financial disclosure.