As with any research / publication around trading and the stock market: if this strategy worked and provided an advantage, it would not be published free for al

As with any research / publication around trading and the stock market: if this strategy worked and provided an advantage, it would not be published free for all to read. The one interesting thing here is using three different sets of agents to handle information at three levels of scope/timeframe. From my limited experience with trading, there are predictable behaviour patterns (not the information itself, but how people act on it), and these patterns tend to be self-similar across magnitudes of scale (not unlike fractals). Otherwise, this is an unusually short paper, and light on data analysis / evidence.