"We are counting 12 signals in a single time frame. When we multiply this by 3 for daily, weekly and monthly time frames to be conservative, we get 36 signals, each of them may have different directions.
The Socrates "system" does not provide a computerized solution for consolidating these signals into a measurable response."
fully agree - also with the rest of your post.
If Socrates as he claims were an Artificial Intelligence System it would consider and weight all this data and would spit out a conclusion like:
- as of the close today the systems position is Long / or Short / or Flat.
There are firms out there as in this forum mentioned before, that are sucessfully using real AI and real math models
and not some shitty what - if Cobol 1980 computer code that cannot draw a correct trendline. All these successful firms use muti-market and correlations analysis etc.
and not some single price data analysis.
An example of such a firm is Renaissance Technologies.
Huge amounts of capital are directed into this type of research (hundreds of millions) - and with Moores law applied in this sector there will be next to zero room in the asset management arena for freelancers and bullshitters in the medium to near future. This already manifests itself : Almost NO asset mager beats the performance of the Benchmarks. If somebody is young they are much better of buying a few benchmark ETF's cross the major asset classes, save and add regularly to these products and let time and inflation combined with very LOW FEES do their magic.
And there is definitely NO need for a Charlatan Armstrong/Socrates ncluding 99.9 % of the rest of these "Asset Manager and Advisor and Newsletter writer" clowns.