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What's strange is this. Considered logically, Chartism is total bollocks, yet the trading world sees it as generally legitimate. Traders are often split into t
by dabeeeenster 16y ago
What's strange is this. Considered logically, Chartism is total bollocks, yet the trading world sees it as generally legitimate.
Traders are often split into those that buy into the concept and those that don't, but from my experience even those that don't buy into it do not see it as snake oil. It's more like "Oh, yeah, he's a chartist".
- eru 16y agoPerhaps it's a self-fulfilling prophecy? If you believe that some lines are supporting the prices, you may want to sell or buy at those lines, thus re-inforcing those lines (or actually bringing them into being)? By the way, those analysts you see on TV or read in the magazines--no matter if chartist or not--can always explain every stock movement. With hindsight.
- pasbesoin 16y agoSo, one needs to consider the effects of chartism rather than its outright predictions? (I don't intend this entirely as a rhetorical question.)