Check out this cool chart in excel.... Its completely random... Click F9 to reload the chart... Look at these beautifull sloping trends... --MIKE
Another Cool website .. check it out.. After looking at these random charts I am absolutely convinced they look identical to real stock charts.. Maybe all of these patterns like bases, triangles, flags... are patterns of randomness.. which what the stock market really is. http://www.lynixco.com/4.htm
Trend fader you seem to be very good at producing pretty charts for us all to see, but do you actually trade successfully baby!!??
Been trading successfully for many years... I got a lot of email from sincere ET traders that wanted me to post some charts... so they can learn from them.... When I swing trade.. I am right usually about the same as I am wrong.. but my profits are usually 2.5x my loss. Further... some of those pretty charts you have seen are purely random.. --MIKE
Let me phrase it better... " profitable characteristics " of randomness. In my book it is the same thing. These characterisitcs include, basing, triangles, flags, simple pullbacks alongside the major trend. These are apparent in random charts and stock charts.... So here is the oxymoron.... within randomness there are patterns... randomness is not exactly random because the characteristics of randomness are not random.... make sense??? lol Geez.. I am starting to sound like Mr. Hershey... --MIKE