Yes. Some may think that TA involves volume analysis, order flow analysis, etc. It is tough to come up with a definition that everyone agrees on. Just my two cents.
Simple. just show your historical percentage returns. -- whoever wins that battle...generally win this TA debate. The bottom line always speaks; the rest is just noise and bs.
Chart reading is merely a subset of technical analysis, which by definition is forecasting future prices based on past price data (price and volume). TA is a vast field and there's no doubt a lot of useless stuff and useless approaches.
I believe that is called" upward drift" and yes the stock market is the only financial market that experiences upward drift due to its nature. surf
No, because folks have won the lottery multiple times-- this does not mean they have a special power, system or gift--- It's just the result of randomness. surf
Does that address the 500 pound gorilla of flawed logic in that post? - The one that jumped out and smacked me in the face with an entire bunch of bananas.
The fact that this upward drift repeats itself for and over again during many decades proofs that history repeats itself. People react each time in the same way. Behavioral finance. And that's what can be used in TA to predict the next upward drift.
So Niederhoffer won many times the lottery? Because the blow ups confirmed that he had no special power, system or gift. It was just the result of randomness?