RE:RE:RE:RE:On watchTook a course on this years ago. Very complicated and zero emphasis on Fundamental analysis, which is where the issue lies not focusing on macro picture. But there is some value when seeing a clear uptrend. KL points north and there is no disputing that. Look at Canadian oil stocks (BTE, MEG, Athabasca Oil), they bottomed again April 2nd and since then are up 80 %!! Baytex has almost doubled BUT...using TA, you'd say they were going to keep falling and you'd make a huge error by not seeing macro picture. Fundamentally, Oil was at $ 63 back early April, so it was imminent the equities had to bounce back and not keep falling as TA would have suggested. So yes, that is why 95 % of the time, TA is garbage. JIN
banned47times wrote: There is NO viable predictive t/a. The past does not predict the future. If you doubt me and want to simply "believe" what you want to "believe" then produce just one single academic, peer reviewed, empiracal statistically valid and verified analysis of the predictive powers of any t/a system.
Since t/a has been around forever surely you can find a single paper/study that confirms what you "believe" right?
GL...you'll find absolutely nothing