Finding Out About Fractals by Clem Chambers
How are fractals related to the financial markets?
Fractals hold a powerful mystique, but few
truly understand what a fractal is and how it
relates to the market. To most, a fractal is a
fantastically beautiful graph with curly edges
that seems to have a hypnotic grip on the
viewer. Expressed as images, fractals have an
almost-magical charm, while the word itself, coined and
popularized by scientist and mathematician Benoit
Mandelbrot, has taken on an almost incantation-like property, as though it were a synonym for “abracadabra.”
You don’t have to look far to find “fractal” used in ways
that have no relation to the original meaning. Buzzword
builders have purloined this revolutionary mathematical concept,
leaving most of us confused about what it really means.