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It's not complete bullshit, just unusable for trading nowdays: these algorithms that found trends worked until better algorithms were used: http://en.wikipedia
by xiphias 12y ago
It's not complete bullshit, just unusable for trading nowdays: these algorithms that found trends worked until better algorithms were used:
http://en.wikipedia.org/wiki/Technical_analysis#Scientific_Technical_Analysis http://en.wikipedia.org/wiki/Technical_analysis#Scientific_T...
The results were positive with an overwhelming statistical confidence for each of the patterns using the data set of all S&P 500 stocks daily for the five year period 1992-1996.
- confluence 12y ago> It's not complete bullshit The fact that line even has to be used is a massive red flag. > overwhelming statistical confidence for each of the patterns using the data set of all S&P 500 stocks daily for the five year period 1992-1996. And tech VCs investing in anything from 1995-2000 were positive with an overwhelming statistical confidence that their portfolios were anything but randomly chosen.
- akhatri_aus 12y ago> The results were positive with an overwhelming statistical confidence for each of the patterns using the data set of all S&P 500 stocks daily for the five year period 1992-1996. Looks a bit like cherry picking