chart TA is one sad discipline if it has folks like you Posting personal attacks as its only defense.
You read me wrong. What else do you read wrong. I would never underestimate the ruthlesness and efficiency of a good auto or semi auto trading system compared to either discretionary or fundamental trading.
@themickey Definitely tend to read people wrong, but thankfully numbers right (most of the time). My apologies
This is worth reposting-- the original theme of the thread. From Thorps book- and posted earlier by TT-- i am sure the TA masters here can relate...... Thinking about momentum led me to wonder whether past prices could somehow be used to predict future prices. To test this, I looked at charting, the art of using patterns in the graphs of stock (or commodity) prices to to forecast their future changes. I was introduced to this by Norman, a Canadian resident living in Las Cruces, while I was teaching at New Mexico State University. After months of examining his data and predictions, I was unable to find anything of value. As [wife] Vivian said at the start, "This is going to be a waste of time. Norman's been doing this for years and you can tell he's barely getting by. Just look at his worn-out shoes and shabby clothes. And you can tell from the quality of his wife's old and dated outfits that they were once better off." -- from his new book "A Man for All Markets," page 149