TA is nothing but pretty lines with a confirmation bias overlay.
To suggest TA is neither Bullish or Bearish is complete folly. You believe in it's predictive ability based on previous outcomes, so it creates a psychological bias, regardless of the underlying fundamentals.
Don't confuse statistical modelling with TA. TA does not fall into "Sciences" or "Mathematics", because no TA has ever shown a significant predictive outcome. Curve fitting does not count.
If you can show me one that does, adjusted for broker costs, liquidity and spread, I'll Paypal you $10,000.
Stock Market Melt-Down?, page-40
Add SP500 (INDEXSP) to my watchlist
 (20min delay)
|
|||||
|
Last
2,806.7 |
Change
-11.790(0.42%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,806.7 | 0.00 | 0.00 |
