Quote from: nanopene on March 06, 2013, 08:21:38 PM

Quote from: arepo on March 06, 2013, 06:25:38 PM

Quote from: nanopene on March 04, 2013, 09:10:14 PM

When will you TA's guys understand that TA is just self-fulfilled prophecy?
TA is just a bunch of guys relying on apophenia and techniques built with the presumption that past performance does predict future results, which it doesn't.
The only investing is value investing, period.

The rest, including TA, is just gambling.

there have been many, many discussions about this. if you have this belief, and you have good evidence to back it up, feel free to start your own thread. don't spam someone's TA thread...

It is not a belief, it is a fact.
And this thread proves it.

hey all you TA nay-sayers out there! this is your chance. i'm opening a thread for discussion on this very important point so you guys can stop spamming mine and lucif's threads.

let's set some ground rules:

let me also open with a well-defined hypothesis:
"Since there exist time-dependent autocorrelations in price data, past performance sometimes correlates with future results."

evidence against TA would be evidence that time-dependent autocorrelations do not exist in price data.

for example, a random walk does not exhibit any autocorrelations.

some examples of things that do not count as evidence against technical analysis:

another note: if you don't understand the central premise here -- autocorrelation in stochastic functions, read up some more before replying for everyone's sake.

-===-

and with that i'll leave you with something cool: daily all-time price data compared to the DETRENDED PRICE OSCILLATOR, just an hour or so before the crash.

do you see what i see?