Saturday, October 20, 2012

The pointlessness of looking closer

From Wikipedia:

1 comment:

Jazzbumpa said...

Actually, that is not quite how it works in the real world. Even the Mandelbrot set only exhibits that specific kind of scale irrelevance when you zoom on the Feigenbaum point. That kind of case is very special indeed.

The stock market is also quite different. If a chart has not time scale, there is no way to tell if you are looking at seconds, decades, or any magnitude in between. But you do not get self-identical pattern replication. You get a kind of pattern similarity that can be characterized as Elliott Waves.