Registered: Aug 2006
05-23-13 01:12 PM
Quote from HurricaneUS:
and there's the rub.....we spend all the energy in creating indicators that track as close to price as possible...which only begs the question...why not just use price instead?
Price moves in fits and starts, and is notoriously random, and yet not random enough in a purely Gaussian sense. In a way, all technical analysis is an attempt to separate the signal from the noise, and create a more "well behaved" data series. Of course in financial markets, it may well be that there is no noise, that it is all signal.
But, I like the intellectual pursuit of it. I'm a big boy after all, and when I lay my money down, and possibly lose it, it's nobody's fault but mine. Who knows, I may just get rich after all.