SNSN schreef op 30 april 2014 12:05:
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Good, novital,
But presenting the graph for the “main falling-top-line" you should perhaps explain - that was the only ONE time-horizon....
While the actual price-dynamics is NOT based on one horizon (and its drivers) - it is an interplay (some time equilibrium) of very different time horizons .... with very different drivers/intensities...., which are changing all over the time. It's almost impossible to present visually (in static graph) such continuously changing (fractal) pictures. You need a "dynamic pdf", or time-dependence of its "moments".... Otherwise, a concentration on just one time horizon (partial stationarity) often leads to completely wrong conclusions..... for essentially non-stationary markets.