RE:RE:RE:RE:RE:RE:Technicals...metalhead666 wrote: Show me a single academic peer reviewed statistically viable empirical study that has ever shown any t/a system being of any value. You will find exactly none. I've done this work.
I invest on large scale premises....things like demographics can be accurately modeled for example. Demographics shape consumption so I can make reasonable predictions about what investments are most likely to do well over time.
I have invested in the EV thesis. It's being codified into law that electric vehicles will eventually be 100% of the transportation modes. It is as sure a thing now as the sun rising in the East. I further indentified the "picks and shovel" plays that must thrive in order to allow this given movement to proceed....copper and lithium. No t/a required
Sentiment changes on a dime. If the FED raised rates next Wed then I guarantee you all the t/a in the world would blow up. Squiggly lines cannot tell you what Powell will say or what some world leader might say or what event might happen that will completely alter "sentiment" so observing PAST "patterns" is of NO use in predicting future results. Period.
Humans are hard wired pattern seeking primates. They see shapes in the clouds where none exist. They make assumptions about the future based upon past events but markets are NOT natural systems. I can predict a high tide or an eclipse based on past patterns but what investors did, said or thought yesterday or last week or last decade is of NO relevance to what markets will do going forward.
The fact that humans see patterns, and then trade on those patterns, then makes those patterns useful. You just proved the point of your opposition.