Chart patterns on random data

China Diapers · Jun 12, 2011

Because I spend hours every evening looking at charts training myself to spot patterns, now whenever I see a graph/chart of any random data in the newspaper or on a website I can't help looking for patterns.

The attached examples we have are:

The Australian underemployment breakout of 1990
The global land/temperature index breakout of 1980
The 500 year basing/accumulation of the Virginia cooling period
The US Vietnam deaths head and shoulders breakdown
The Las Vegas house prices breakout, which retested resistance/support before really taking off.

What you reckon? I have too much time on my hands? Don't you wish you were long the Global Land-Ocean Temperature Index?

BeginnerJoe · Jun 12, 2011

Charts always look good on hindsight. Invariably the break out occurs when you least expect it. It would be more impressive if you could look at any existing charts and tell us when the break out will be.

China Diapers · Jun 12, 2011

I am not sure if you are being serious or not

BeginnerJoe · Jun 12, 2011

Quite serious. Take a look at the SP500 index and make a prediction on what will happen next. I believe we are at a break out juncture.

China Diapers · Jun 12, 2011

Oh I see.

I don't see anything that would make me want to trade that chart, and I don't make predictions, but thanks for your comments Beginner Joe.

Jason101 · Feb 18, 2012

I thought I would add this video to the random chart thread.

Jan 27 - Random - LeavittBrothers's library

Jason

China Diapers · Feb 18, 2012

Thanks for your contribution.

Like many of my threads, I can't understand why this one never took off

counter_violent · Feb 18, 2012

China Diapers said:
Thanks for your contribution.

Like many of my threads, I can't understand why this one never took off

Probably because the masses have never gotten beyond TA and FA and perish the thought that randomness may play a part

Chartsy · Feb 18, 2012

Vietnam deaths is a weird one!

N Rothschild · Feb 18, 2012

you discovered that everything in life/this planet moves in cycles and patterns? nobel prize for you!

N Rothschild · Feb 18, 2012

quite the parabolic bubble there! maybe time to get short the human race? 2012 end of days!

China Diapers · Feb 19, 2012

Yip that's a scary one alright, if I were long I'd be having trouble sleeping

Gordon Gekko · Feb 21, 2012

N Rothschild said:
quite the parabolic bubble there! maybe time to get short the human race? 2012 end of days!

China Diapers said:
Yip that's a scary one alright, if I were long I'd be having trouble sleeping

the hare · Feb 21, 2012

At last, a thread about trading

Jason101 · Feb 21, 2012

N Rothschild said:
quite the parabolic bubble there! maybe time to get short the human race? 2012 end of days!

You could always scalp a long from the ladder. - http://www.earth-parent.com/e-chart.html

Chart patterns on random data

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