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Started By
Message
All charts lie
Posted on 3/19/10 at 10:51 am
Posted on 3/19/10 at 10:51 am
Short, interesting article although I can't say I spend a lot of time studying charts and other psycho babble:
LINK
LINK
2
Posted on 3/20/10 at 2:34 pm to tirebiter
Garbage
Posted on 3/20/10 at 3:22 pm to tirebiter
Indeed. Any dumbass can find a pattern in a chart of coin flips if he doesn't know any better.
Posted on 3/20/10 at 3:38 pm to foshizzle
That's certainly true, and I think a lot of TA you see on the internet is just that, confirmation bias and fitting data to theory, but I don't think the argument this guy is making is really relevant to that. One of the comments summed it up nicely, IMO:
quote:
TA applies to price movements, not total returns. Many stocks do not pay dividends, and short-term trades may not accrue dividends. Hence TA has a valid domain, you are trying to apply it outside that domain.
Posted on 3/20/10 at 5:09 pm to kfizzle85
Totally agreed that his argument is different, he's saying TA won't mean anything if you aren't analyzing the correct data set to start with.
I still think TA is a waste of time but yes that's a different issue.
I still think TA is a waste of time but yes that's a different issue.
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