Information icon.svg Nominations and campaigning for the RationalWiki 2019 Moderator Election is underway and will end on November 16.

Talk:Technical analysis

From RationalWiki
Jump to: navigation, search

My personal theory is that TA actually works to a certain degree, although more as a kind of self-fulfilling collective delusion. Something along the lines of:

Analysis guy: "Look at this graph - it's a bells-and-candle figure breaking downwards through MA200! A sales signal!"
Mindless horde: "Oh noes!"
*mindless horde sells out in huge numbers, causing a massive plummet in the share price. Analysis guy buys lots of shares.*
Analysis guy: "Hey, I was right. But look! It's just made a hanged Indian with disjointed shoulder! An obvious buy signal!"
*mindless horde starts buying again, causing the price to rise. Analysis guy sells his shares and earns the big bucks.*
Mindless horde: "He's a genius!"

--AKjeldsenGodspeed! 19:36, 3 July 2007 (CDT)

Actually, it works in "emerging" markets when prices are updated perhaps like several times a day. Rewrite would be underway soon. K61824Practicing involuntary celibacy 19:55, 20 June 2009 (UTC)

Sample rewrite[edit]

I have a sample rewrite in here. Maybe someone mind have a look?