You are technically right in that fractal geometry has an algorthm. However, my point is that pricing changes in the stock market exhibit fractal behavior as discussed below. A coast line (or market price) may have a general trend, but it is not predictable and there is scalability to it variation.
a link to fractals for kids, not intended as a snub, just the first link I found that makes the point.
>>Imagine that the picture at the top of this page is a picture of the coastline of Africa.You measure it with mile-long rulers and get a certain measurement. What if on the next day you measure it with foot-long rulers? Which measurement would give you a larger measurement. Since the coastline is jagged, you could get into the nooks and crannies better with the foot-long ruler, so it would yield a greater measurement. Now what if you measured it with an inch-long ruler? You could really get into the teeniest and tiniest of crannies there. So the measurement would be even bigger, that is if the coastline is jagged smaller than an inch. What if it were jagged at every point on the coastline? You could measure it with shorter and shorter rulers, and the measurement would get longer and longer. You could even measure it with infinitesimally short rulers, and the coastline would be infinitely long. That's fractal.<<
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