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Monday, March 9, 2009

There is no scientific movement of prices


There is no scientific movement of prices and that's obvious, because humans are emotional beings.

You will hear many people who say there is but if there was, we would all know the price beforehand and there would be no market.

I see lots of clever systems based on neural networks, chaos theory and artificial intelligence but most are junk and fail. Not because they are not clever but because scientific theories don't work on a market that doesn't move to a scientific formula!

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