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Old 08-12-2005, 02:58 PM
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Default Re: If Technical Analysis works, why isn\'t there a mutual fund for it?

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It's not my goal to convince you or anyone else to use TA.

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What is your goal here? Do you want TA banned completely? Shall we allow only those who believe in the fundamental doctrine to post here?

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You recently told someone in another thread: [ QUOTE ]
goog formed a head and shoulders on the daily and broke the neckline on the downside yesterday. Caution is warranted. The chart trend is down unless it it can close above 300 to negate the pattern.

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I want to have a debate about whether this is valid advice. If I told someone in a poker thread that they should always fold AA because Party is rigged to make them lose, I'd be called out on it. Same here--it sure looks to me like that's bad advice, and my original post gave an empirical reason why people should be skeptical of technical analysis.
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