Seems to me that Market Surfer does not really have a reply for you. Perhaps because he has no background to call on. In order to comment intelligently about the question he would have had to have taken a methodology class (usually given in grad school). Also he would have had to have learned to use a standardized statistical package (SAS, SPSS, SYSTAT, MINITAB, etc) Finally, a research program always incorporates some type of ethics study to round out the year. Its much easier to just dismiss the study, declare it invalid, then hope that no one in the crowd took the training. Not a good bet. Truth of the matter is that very few studies can be said to be without some flaw. That is why peer groups often review studies before publishing them. What does matter (in my opinion) is whether their is something of value to be learned from the comments and conclusions. In my view there are some interesting ideas in that paper that could serve as a basis for further research and perhaps lead to someone finding a nice edge to trade. Of course if you never get down "off your horse", you probably won't find it. Steve
okay. i remmeber i read it some weeks ago ... i had the feeling that the amount of data they were talking about could not by any means by survivor adjusted .. what do you think?
do i recall correctly that the study was long-only ... (i should reread it , spending more time guessing around ...)
Very true. However only very few know how to find reversals , mainly because it involves accurate forecasting .