Post
Topic
Board Speculation
Re: in defense of technical analysis
by
bitcoinBull
on 07/03/2013, 04:02:06 UTC
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."

That's not a hypothesis. You have a premise "there exist autocorrelations", and then you restate that premise in the form of a definition. There is no inference/conclusion, so no hypothesis here.

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

Of course there exists time-dependent autocorrelations in price data. Why else would people be buying on speculation? Because there's an upward channel going up, a (highly correlated) time-dependent autocorrelation. Pretty much everybody here loves TA, I don't know who you are talking about by making a general address to "TA nay-sayers". You should qualify it by bearish TA nay-sayers.


do you see what i see?

I don't know, what do you see? Are you (again) calling the top, a reversal?