Saturday, August 01, 2009
Technical Analysis, continued
It is worth remembering that no single charting technique, wave algorithm, or technical pattern has ever been demonstrated, using rigorous statistical methodology stripped of hindsight and other biases, to perform better in elucidating future market direction than a random signal.
That is just a fact.
And yet as with the medieval alchemists, the "one true formula" will always appear to beckon from the shadows....
That is just a fact.
And yet as with the medieval alchemists, the "one true formula" will always appear to beckon from the shadows....