MDA - Market Direction Analysis

[augieboo]

MM, I think you make a very useful distinction, but let me restate it to you so that I'm sure I understand your view.

I think you are saying that

[1] no indicator or system of indicators (or whatever we wish to label that bunch of stuff on which we trade) can be perfect in the sense of producing a "win" or a correct prediction every time; but,

[2] it is possible to construct a system which produces results which are internally consistent for a long enough period so that one may safely extrapolate that said system will produce at the same level of consistency into the future.

Is that about right?





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