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Politics : Formerly About Advanced Micro Devices
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To: Scumbria who wrote (115625)6/12/2000 5:18:00 PM
From: dougSF30  Read Replies (1) of 1577194
 
Scumbria, exactly. I never see any rigorous measurements of the predictive ability of any of these TA models. ( I use 'model' in the generous sense, since most of these methods are so ill-defined as to prevent any quantitative assessment.) On the other hand, to the extent that some chunk of traders believe in any particular model, it may actually wield some influence. I find this either disturbing or amusing... I'm not sure which.

Perhaps TA is just a giant book/seminar-selling racket?

Or maybe it's more Cramer-like, where the authors are actually doing the opposite to what they recommend, thereby exploiting their followers-- hey, sounds like organized religion! But I'm beginning to run on... and I'll have offended too many people if I continue.

Doug
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