Re: Something, something, something, technical analysis

I am saying that kinematics can be used to predict the future with certainty, but TA cannot. TA therefore is pseudoscience.

Then you should use kinematics to predict future BTC prices. With certainty. Grin

But seriously, you've made 4 posts, but I still cannot understand which my statement, exactly, you are trying to refute?

I didn't say you made a statement in my first post. My interpretation was that you were implying that TA is analogous to math and physics when clearly it is analogous to astrology. You then went on to state that you only meant to imply that TA is "descriptive" to markets analogously as kinematics is to physics. You really should have said that to begin with. However, it's still a bad analogy since kinematics is used to make predictions in astrophysics. TA on the other hand is only used to make historical observations and has no demonstrable predictive value.

My refutation is that you made a bad analogy and followed it up with another bad analogy. If however, you compared TA to say "Transactional Analysis" or some other school of psychology, you might have a better analogy. I'm not implying that it would be of lesser value, just less empirical.

I highlighted the parts of your text that are, IMO, are partly(brown) or completely(red) false. However, I wouldn't like to keep polluting this thread. If you really wish to discuss it further, it would be better to open a separate thread for it, although I cannot promise participation, because we, it seems, cannot agree on anything at all. Sad

Thank you, no hard feelings.

EDIT: As an illustration of one of brown points: Astrophysics Astrophysics (from Greek astron, ἄστρoν "star", and physis, φύσις "nature") is the branch of astronomy that deals with the physics of the universe, especially with "the nature of the heavenly bodies, rather than their positions or motions in space

lol