Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: briskit who wrote (28696)	7/25/2000 5:37:30 PM
From: Seeker of Truth	Read Replies (1) \| Respond to of 54805

The studies by two economists at MIT illustrate that technical analysis doesn't work for listed stocks. I can only conjecture that their sample size was too small for the Nasdaq stocks. Can you believe that if NASDAQ suddenly called itself a stock exchange and the stocks were all "listed" that TA would then fail? Or if NYSE suddenly declared itself for legal or tax reasons not to be an exchange then TA would work on its stocks? You know, doctors are deluged by claims that a new medicine is a wonder, cures disease X, like magic. They are weary of all this stuff. What they want to hear is the sample size and the statistical significance. The latter means the probability that the results could be obtained by accident. This particular abstract doesn't contain the statistical significance. So to a serious student it's worthless. Doubtless technical analysis has a secure future just like fortune telling and all kinds of superstitions. I'm a great admirer of MIT,Stanford, Caltech et al. But the fact of something emanating from those halls doesn't make it certainly true. This is my last comment on TA. The faithful believe.