Technical Analysis = CRAP

Not personally, but I'm associated with folks who have tested most everything in a rigerous fashion. I have had several conversations and meals with Aronson-- he is a good guy.

Unfortunately, it's impossible to prove a negative. The burden of proof is on those who claim success, your leader Proflogic will be sending me his program to test-- I'll report back the findings.

Surf

 

I doubt that, on both counts.

 

Most everything in the public domain, you mean. There's stuff in the private domain you have no idea about. Nobody knows everything there is to know about objective TA. And I'm sure Aronson is a great guy; that doesn't mean his analysis isn't flawed.

 

Sure, secret recipes may exist. There may also be
savants and wizards that do quite well with intuitive type TA. I have no beef with that---

Yes, everything I have seen. I can't speak for stuff I haven't seen. However, it's common sense that the future can't be divined from the past and by definition TA only maps the past.

Are there inter market relationships that can be used over a longer term period effectively--yes. But this isn't objective chart reading intraday like the prof and fireplace claim.

I mean just look at those charts posted earlier-- the guy never misses a turn. Seriously, how can this be supported?

Surf

 

I like how you hedged yourself with the word 'most'

Even still I highly doubt that given the vast number of combinations that exist.

 

As a public service, here's the content of Jack's file -- turns out it's a MSFT Word doc, though missing the extension --

<i>The 8 basic rules for annotating and doing analysis to stay in the market all the time and take the full market’s offer. (Note there is NO predicting nor betting nor stops required.)

1. Annotate using a parallelogram.

2. Trade from FTT to FTT of the trading parallelogram.

3. Use hold/reversal trading.

4. Use a green bookmark at each FTT.

5. If a bookmark is violated, then reverse and hold until the new FTT.

6. If an internal (there are 10 cases, only) bridges or straddles the RTL, then fan the RTL.

7. Accelerate the RTL on VE’s of the LTL.

8. On VE’s the FTT will show up after M1 and M2 sub-fractals when VE closes in the zone between the old and new LTL. Otherwise, if the close is NOT in the described zone, reverse on the VE close and use the VE as the new point 1 (See step 1 above) of next parallelogram.</i>

 

We trade the front month untill the next month's volume exceeds that of the front month. then we automatically roll to the higher volume month.

Attached is my favorite Crude resolution chart to trade.

 

Quite easily.

 

Right, but someone reading your sheet can't check the trades because you don't indicate the expiry month. Why not include a column with, say, "CLQ" for each transaction?

 

In all seriousness, do you also understand and believe what jack posted is effective.