Author: Bruce Moreland
Date: 10:56:19 06/06/01
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An appropriate discussion of this is probably not possible here. Technical stock market analysis is a topic that has been the subject of many extremely dense books. I am not someone who pretends to understand this topic, seeing as I am more interested in computer chess, but as I barely understand it, a lot of the idea is that you can predict future stock fluctuations by examining the patterns that appear to exist in past fluctuations. I think I am making a safe guess when I say that your contention that more use of technical analysis software will become extremely widespead and will lead to flat stock graphs is complete nonsense. bruce On June 06, 2001 at 13:01:56, Graham Laight wrote: >Once upon a time, chess computers were expensive, and not especially good. >Gradually, they became cheaper and better. Now anyone (who already has a >computer) has the ability to sit at home and generate excellent chess moves very >cheaply. > >Right now, if you want to buy the stock selection program "Tradingsolutions", it >will cost you $1,000. Presumably, it will allow you to select stocks and time >your purchases to improve your chances of making money. > >In the fullness of time, one would expect the number of people using such >programs to increase, and therefore for stock market timing and selection in >general to improve. > >However - if most market participants become cleverer at stock selection, nobody >will ever buy a stock if it is significantly above its "true" (by consensus of >trading programs) price. Equally, people will be unwilling to sell below the >"true" price. > >The consequence of this will be that stock market graphs, which are currently >bouncy and full of life, will become a deathly dull flat line. No more >opportunities to make "a killing" for anyone. > >Right now, I believe that this, fantastic as it sounds, will actually happen. > >AI could have many strange, unexpected consequences! > >n.b. - website for AI trading - http://www.neural101.com > >-g
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