KZL 0.00% 12.0¢ kagara ltd

I think it is drawing a long bow when you think a chart can...

  1. 2,178 Posts.
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    I think it is drawing a long bow when you think a chart can predict the Europe saga etc. if the Europe thing did not materialise then you would already have a KZL over a $1 and a chart that was very wrong.

    Coincidences happen all the time, but it is easy to see how people get caught up in thinking that a computer program can predict the future. This is why when scientists are testing new drugs they do things like double blind studies etc, as you will find that quite often you think something is causing an effect and it turns out to be a coincidence or something else.
    I spoke to an astrologer once, she was a 100% believer in it, said it was definitely for real, same crap as the tarot card person, they really believe it and so do thousands of others, this does not mean it is true.

    Statistically you could throw a dart at the stock board and be 50% right all the time, show me a chartists who gets 70% correct and i will start to believe it, that's only 20% above the law of averages.

    I know what Warren Buffet thinks of charts, and i think his record speaks for itself.
 
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