the picks are looking good so far, tdog... http://finance.yahoo.com/news/What-the-Cramer-Loving-Cabbie-tm-1731283413.html?x=0&.v=3 surf
I am still evolving as a trader/analyst. the extensive testing since 1995 has proven the outlined method is very accurate at picking short term moves of less then 1 week. i can't argue with the figures or the results I have witnessed utilizing the research in real time. Unlike you, I can tweak my beliefs when presented with workable evidence to the contrary. all the best, surf
So are you now saying that TA can actually be used to devise a profitable trading strategy? Yes or no. For the record.
Yes, the testing proved that TA can be used as PART of a profitable trading method. I am saying that that the 3 step process has been objectively proven to work in the short term via extensive testing and my experience lately. The 3 steps have some traditional TA involved. There is potential non traditional TA as part of the 3 step process--- it could be argued that this step is not TA based, or argued the other way. best, surf
How does the approach you described possibly not fit into the following description of TA: http://www.investopedia.com/terms/t/technicalanalysis.asp What argument would you use to suggest that the approach you described does NOT fall under the purview of TA by definition?
The Short Term Power Rating needs to be above 8. These ratings are based on a non TA derived proprietary algorithm--or if you really like to stretch definitions it could potentially fit under non traditional TA -- I would argue that it does not. Otherwise, you are correct. best, surf