>It makes Renaissance Technologies' 30 percent ( net) returns more believable, the fact such a simple trade can work so well for so long. Imagine scaling this u

>It makes Renaissance Technologies' 30 percent ( net) returns more believable, the fact such a simple trade can work so well for so long. Imagine scaling this up with more assets, more computing power to find more patterns . I agree, and this is always my argument to people who say stuff like "TA doesn't work". Yet at the same time many hedge(note not HFT) funds funds are using data and charts to find exactly those relations and trade them and model them. Regardless of the value or PE or whatever of the underlying