fractal and finance

[tilfani]

Hi all,

I'm student preparing a master degree, looking to apply fractals to market stock index, as first step to the most known index as CAC40, SP, DJ, DAX... i did a small program with VBA excel to prove the multi-fractality of those time series, we compute de q moments for price series or log prices?
there is an application to work with fractal?

[Max Sinister]

Are you planning to make lots of money that way?

[lkmitch]

Mandelbrot did a lot of work with the fractal nature of finance, as have many others.  I believe the general sense is that the fractal nature of prices can lead to some gross understanding, but not so much practical predictions (like tomorrow's S&P index, for example).

[Max Sinister]

I admire Mandelbrot and his scientific work, but I don't know whether he became a millionaire at the stock market.