SP500 0.42% 2,806.7 standard & poor's 500

Stock Market Melt-Down?, page-40

  1. 217 Posts.
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    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.

    Last edited by pastperformer: 18/12/18
 
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