Macsga, can you think of a possible implementation of P&F in a field other then markets?
A guy I know implemented this (that's how I heard of P&F in the first place) in roulette and made millions.
If yes, PM me!
For reasons broadly discussed
here I don't believe that ANY TA is able to "predict"
with certainty a chaotic system evolution beyond a very small time frame. P&F caught my eye because it has a nice "normalization" factor and a unique prediction method that "felt good". Beyond that, you should be aware that your prediction is subject to a "Whale's sudden move" that would ruin it in a split of a microsecond.
So; how does the economic prediction system works you might ask. Well there's a great theory behind this that is being discussed online with TPTB_need_war at the end of the thread I posted on the link above. It has to do with the disability of the nature to eliminate entropy. This is the Achilles Heel of Chaos, therefore, the static parameter which IF you manage to map it correctly, it may be feasible to make "certain" predictions with a high probability rate for literally any time frame.
Certain ideas have been developed by a friend of mine about the aforementioned subject and there are some nice
facts on "how random, random really is". Interesting read.
FWIW, I think Martin Armstrong might be using a similar system for his "Socrates" software, but I couldn't know for sure.
