Here's quite an interesting study about the predictability of TA.
http://www.cass.city.ac.uk/__data/as...9953/Simon.pdf
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Ultimate rorschach test
Here's quite an interesting study about the predictability of TA.
http://www.cass.city.ac.uk/__data/as...9953/Simon.pdf
Well, that's it, time to retire.....
Personally when I see data that confirms suspected randomness in the market (again and again) I see potential for exploitation. Not a reason to throw in the towel. But from my perspective it doesn't really matter either way. I'm perfectly happy to let others use whatever devices they require to get them engaged. But I do think everyone should at least consider the advantages of cost basis reduction and limiting profitability. Those will provide a mathematical edge over time.
