Huh? it has nothing to do with my premise. The question was has the random market theory been disproven and I offered an alternative to it which is said to have disproved it. SO have ideas like stocks tend to climb for 6 months after the earnings have been upwardly revised--- the Price Drivers Single Stock Model takes this factor into account. surf
If anyone doubts the longevity and skill of the marketsurfer-- see the stock picks below from 11 years ago---- surf
So you offer an alternative that is said to have disproved RMH, but still maintain markets are random. Stop wriggling Surf, if you don't have integrity this discussion is pointless.
Random market theory is applicable to noise traders ( past price only). When did I say I disproved the theory? Information ( not illegal). has always tilted the odds in the traders favor--- but sometimes that doesnt even work. The theory doesnt take into account asymmetrical information gathering. We were invested in a copper trading hedgefund that basically owned the entire supply chain of the commodity--- you couldnt get closer to the source--- we lost big time in this fund-- we pulled out and the next month the fund was up 80%. Oh well, nothing can be done about it after it happened. surf