If there is a method of analysing the market then it no longer...

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croasian

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16/05/18

07:22

Post #: 33120685
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Originally posted by MarkEvans ↑

And to follow that logic other people can pre-empt the actions of those people who are pre-empting the actions of people who do believe that there is a science to it.

In mathematics this could only be shown to be true by induction if the n=1 case is true, namely that you can see patterns and profit from them based on past movements.

From what Iv'e read of these studies the evidence seems to indicate that you can't 'really' and when you can the profits are pretty minimal for retail investors.

I'm very skeptical of TA but it may have some minor use. Either way I don't think humans and TA have much of a future in this area. If you combine machine learning, pattern recognition algorithms and advancements in AI does anyone really think humans can compete?

Also, I'm pretty sure firms such as renaissance technologies would of been all over this already, and twenty other companies like it. As far as I know they could have already and it been found to be a zero sum game between all the algo traders, just like a supercomputer drawing with itself at chess a thousand times.

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If there is a method of analysing the market then it no longer works when widely followed.

Into this category goes FA.

If you are building a bridge then the consensus of expert opinion is useful. In financial markets the further you are from the consensus the better.

What works is divergent opinions as far from the ivory towers of idiot analysts and so called "financial professionals" as possible. They can't beat the market as they are the market so they sell lies and suck corporate cock instead.

SHJ Price at posting: 99.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 89.5¢		Change 0.000(0.00%)		Mkt cap ! $144.2M

Open	High	Low	Value	Volume
89.5¢	89.5¢	89.5¢	$1	1

Buyers (Bids)

No.	Vol.	Price($)
1	10000	85.5¢

Sellers (Offers)

Price($)	Vol.	No.
89.0¢	250329	2

View Market Depth

No.	Vol.	Price($)
1	28	0.840
3	5177	0.825
1	1	0.820
1	7723	0.800
1	936	0.750

Price($)	Vol.	No.
0.850	56508	9
0.865	1155	1
0.890	14633	1
0.900	10402	3
0.940	30000	1

Last trade - 10.09am 26/11/2024 (20 minute delay)

SHJ (ASX) Chart

If there is a method of analysing the market then it no longer...

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

White Cliff Minerals bags lucrative Canadian deposit at Rae Copper

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

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Sellers (Offers)