Article Cold Reading the Market

[T2W Bot]

Over the years my views, comments and evidence against technical analysis have been called controversial by many on the retail side of the business (although most professionals I talk to view them as perfectly reasonable). So, I thought, if I’m to be viewed as controversial I might as well go the whole way and I’m sure that this article will really get the technical analysts reaching for their quills!
I am a big fan of Derren Brown, who for those of you who don’t know, demonstrates psychic readings, hypnosis, conversing with passed loved ones as a medium and other similar skills, yet he does not believe that these techniques have any validity. What he shows is that those who perform these activities do not posses supernatural or psychic powers, rather they have learned certain techniques, often involving an understanding of probability and use of language that makes many people think the performer has these skills of predicting the future or speaking to the dead etc. If you want to...

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[L_Arciprete]

Very well put, thank you

 

[DionysusToast]

Excellent Article

Great article - but I think that it might not be very popular here with so many members being advocates of TA.

I agree and for those that don't - it's always good to hear other opinions when you have money on the line!