CHAOS
THEORY AND FRACTALS ISSUE
July/August, 1992
Special
extended interview with Australia resident Bill
Dreiss. Bill was one of the earliest commodity
money managers. He has been a pioneer in trading commodities
using fractals. Fractal behavior is an aspect of the
new market paradigmchaos. Advanced mathematical analysis
of market price history has established that market
prices are not random. They are not, as academics
have been arguing for a generation, efficient. They
are non-linear, dynamic systems. The word to describe
them is "chaotic." Chaos Theory is the study
of such non-linear, dynamic systems. Understanding
what this means in terms of expectations and analysis
is crucial for every trader. This issue explains the
importance of chaotic markets to you, the commodity
trader. Find out how this new reality impacts traditional
methods of analysis. Find out what parts of the conventional
wisdom remain unaffected. As a bonus, Bill Dreiss
shares his expertise in system development and analysis
gained over the last twenty years. He also shares
the essential elements of his current trading approach.
This is a revealing interview with a true trading
intellectual.
Educational
article by Adam White on Fibonacci applications.
Adam shares his research on the reliability of Fibonacci
numbers and ratios as predictive tools. Find out whether
these popular numbers are worth adding to your trading
plan.
Reviews:
Chaos and Order in the Capital Markets by Edgar
E. Peters. Trade Station real-time software
from Omega Research.
Advertisement
for the System of the Month: The Fractal Wave Algorithm,
Charts and Systems
