Archiving The Experts by Jason S. Glazier
If the experiential technical and fundamental knowledge of the stock experts were merged with the technical and fundamental buy/sell indicators found in books and software, a more accurate market prediction system could be formed. Knowledge-based expert systems (KBES), an area of artificial intelligence (AI), is the methodology I have used to develop the basis for the market prediction system that is discussed here.
A knowledge-based expert system is a computer program that mixes textbook knowledge and human experience for a narrow application domain. Human experts provides knowledge not present in textbooks, because there is always a portion of "field" knowledge that never finds its way into books and few textbooks explain what to check first, where to start or what hunches to follow. Facts do not lend themselves to quick problem solving and novices tend to consider too many possibilities, most of which do not lead to a viable solution. Often, an expert can glance at a Quotron machine and determine if trading conditions are favorable, an ability not generally explained in a textbook.