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.
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.
1. there can be people who are bad at technical analysis, and yet it is still valid.
2. you can't prove a negative; in order to prove that technical analysis is not valid, you must disprove the existence of time-dependent autocorrelations in price data.
3. thanks for providing good contextual opening for my new thread
4. any further discussion on this point should occur in my thread or in a thread of your own, so as not to hijack lucif's any longer.