Technical Analysis Redefined Combining extremes in TRIN, volume, and proximity to potential reflective boundaries, creates an indicator that correctly identified seven major bull markets and four major bear markets. (see charts appendix 6 and 7) We have demonstrated that at significant turning points, the ultimate trend of the market can be predicted. We have introduced a new idea in technical analysis, the idea of âreflecting boundaries.â While in this paper we have demonstrated longer term boundaries, this idea can be used for the shorter term as well. This concept when used in conjunction with existing technical indicators can greatly assist the analyst in pinpointing market turning points. We hope this paper opens new possibilities for those who work at this mystifying discipline. http://knowledgebase.mta.org/?fusea...esourceID=1F345B82-C218-7BF1-FE6D3A74FE4EB737
don't forget R-MESA 10 consecutive years results. Consistently top rated by Futures Truth for day trading results. Yes- day trading with TA
Now compare these results with this... http://www.google.co.uk/#hl=en&gs_n...pw.r_qf.&fp=a580d33dc73e4f57&biw=1680&bih=918
Stop dreaming these traders do not use t/a , some crooks use insider information.There is no evidence to suggest any of them use t/a.
The Pioneers Of Technical Analysis All Things Flow from Dow Charles Dow occupies a huge place in the history of finance. He founded the Wall Street Journal â the benchmark by which all financial papers are measured â and, more importantly for our purpose, he created the Dow Jones Industrial Index. In doing so, Dow opened the door to technical analysis. Dow recorded the highs and lows of his average daily, weekly and monthly, correlating the patterns with the ebb and flow of the market. He would then write articles, always after the fact, pointing out how certain patterns explained and predicted previous market events. However, Dow can't take all â or even a majority of - the credit for the theory bearing his name. Dow Theory would have only acted as a hindsight confirmation of loose principals if it weren't for William P. Hamilton. (To learn more, see Giants Of Finance: Charles Dow.) First One into the Water: William P. Hamilton Dow Theory was a collection of market trends linked heavily to oceanic metaphors. The fundamental, long-term trend of four or more years was the tide of the market â either rising (bullish) or falling (bearish). This was followed by shorter-term waves that lasted between a week and a month. And, lastly, there were the splashes and tiny ripples of choppy water insignificant day-to-day fluctuations. Hamilton used these measures in addition to a few rules â such as the railroad average and the industrial average confirming each other's direction â to call bull and bear markets with laudable accuracy. Although he did call the 1929 Crash too early (1927, 1928), he made a final appeal on October 21, 1929, three days before the crash and mere weeks before his death at the age of 63. The Practitioner, Robert Rhea Robert Rhea took Dow Theory and turned it into a practical indicator for going long or short in the market. He literally wrote the book on Dow Theory, "The Dow Theory." Rhea was successful at using the theory to call tops and bottoms â and able enough to profit from those calls. Very soon after mastering Dow Theory, Rhea didn't need to trade on his knowledge. He only had to write it down. After calling the market bottom in 1932 and a top in 1937, the fortunes made by subscribers to Rhea's investment letter, Dow Theory Comments, brought in thousands more subscribers. As with Hamilton, however, Rhea's life as a market prognosticator was short - he died in 1939. (Learn more about the Dow Theory in our Dow Theory Tutorial.) The Wizard, Edson Gould Perhaps the most accurate forecaster with the longest track record, Edson Gould, was still making calls up to 1983 at the age of 81. Gould also made most of his money from writing newsletters rather than investing, selling subscriptions for $500 in 1930. He caught all of the major bull and bear market points, making several eerily accurate predictions, such as the Dow rising 400 points in a 20-year bull market, that the Dow would top 1040 in 1973 and so on. Gould used charts, market psychology and indicators including the Senti-Meter â the DJIA divided by the dividends per share of the companies. Gould was so good at his trade that he continued to make accurate calls from beyond the grave, calling Dow 3,000 before his death. He was proven right even in this prediction that was considered on the very fringe in 1979, when he made it and the Dow had yet to break 1,000. http://www.investopedia.com/article...pioneers-technical-analysis.asp#axzz25yyFGN8m
Contact the SEC and tell them you have discovered their testimony of using TA is false and you can prove it was really illegal insider dealing. They will be delighted to hear from someone of such online repute. By the way, how many gullible folks have you sold your losing get rich quick trading systems to? And you have the gall to come here and play Mr. Innocent, you scammer... https://www.google.co.uk/#hl=en&gs_...pw.r_qf.&fp=a580d33dc73e4f57&biw=1680&bih=918 https://www.google.co.uk/#q=oilfxpr...pw.r_qf.&fp=a580d33dc73e4f57&biw=1680&bih=918 https://www.google.co.uk/#q=oilfxpr...pw.r_qf.&fp=a580d33dc73e4f57&biw=1680&bih=918 In chart view... https://www.google.co.uk/search?q=o...jKmgW35YCIBQ&ved=0CEsQsAQ4Cg&biw=1680&bih=918
Whether or not "they" use TA-- which they do not, by the way, as retail would--- is irrelevant. Every casino has its consistent winners-- its called surviorship bias--the managers you list are the "survivors"=== you don't hear from the losers.
Your clearly wrong Surf, yes they use TA. Yes there are winners and losers in everything in life and you hear lots form the loser, just look at the title of the thread. Btw, don't you have a Price Driver short on JPM? Oops! Shuda asked for some TA on that baby.
using price and mathematical formula is different from using t/a based on history to predict future prices.It is not the same.
How can somebody who eats noob sandwiches be an expert on technical anylysis , after all he can't get sandwiches from t/a?