Tuesday, July 3, 2018

"Technical" Analysis - any evidence to support it?

So I'm one of the guys who makes fun of people who go nuts over inverted triangles, cups with handles, and head/shoulders. But I want to have a more informed dissent.

I've searched quite a bit but fail to find any evidence supporting the use of these pattern-style analyses for buying and selling decisions. Everyone in support of it provides some anecdotal evidence, and we all know that a small sample size proves nothing.

The question is: does any peer-reviewed, randomized objective evaluation exist that evaluates the "technical" chartologists?



Submitted July 03, 2018 at 09:55AM by daviddavidson29 https://ift.tt/2u3d0da

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