I just don't understand much of the technical stuff despite my having studied it for many years.
That 1973 chart is what Al calls "face of god" pattern, he's a little out there with the chaos stuff. Her's the chart he put out.
Al Larson talks about chaos theory and then he also talks about fractals. I can understand matching the current pattern with 1987/1929 or whatever. But doesn't chaos theory, at the bottom line, say that if there is a pattern, then that is no indication of what the next time period might be?
Moving up the ladder of theory there is Einstein's Brownian motion work that puts a predictable limit on values.
We can also use the term of a non-stochastic event or like what some quants say is a double digit standard deviation event.
If chaos is predictable, then is it really chaos?
I used to follow Larson several years ago, and agree that he seems to be a good trader by timely reacting to a pattern. But after a period of time, I became disinchanted with his "predictions" over the short or longer terms.
Chaos is a term that attempts to bridge the Gap between science and theology by a rather loose usage of the term; really a matter of convenience, the need to label something.
If you're going to do science, and cannot get an instrument sensitive enough to measure the minutest grain of reality, you resort to prabability; this is not a certificate for licensing phenomonae, too subtle for current scientific methods to
measure precisely, as being Anarchical, or chaotic
Its merely a mathematical convenience one resorts to at a moment when the investigating sciientist reaches a cul-de-sac..
Because if you're sincerely labeling an event as chaotic, that is, acausal and indetermanite you are bordering on the statistical equivalent of what Theologians rightfully call a miracle...