Technical analysis

[scrub]

My point is that if the argument is whether any method of technical analysis has predictive power and isn't just an indicator that has been correlated to past results, pointing to the results of someone using the method in question isn't particularly helpful.

You can make money using a flawed strategy to predict the market, just like you can make money using any sort of flawed strategy to make gambling decisions. The question is how long you stay lucky.

scrub

[ctv1116]

Like I said in my original post, the technical analysis has to be ORIGINAL (what you said as proprietary). I don't question people's ability to make money using technical analysis, but you aren't going to make it by reading a book or reading a website how to use Fibonacci retracements or MACD or identifying head and shoulders tops.

[adios]

Ok I think we're all agreed that if something is easily available to everyone, it probably doesn't have much value. For instance a chart fits in here. Regarding charts, there was a poster who posted on the poker forums named Dick in Phoenix. He posted several graphs of random variables with a positive expectation. Several posters remarked how they resembled charts of various stocks they had seen. Nuff said about that.

Nobody is going to post trade secrects on a web site like this but perhaps there are ideas that people have that might bare some fruit. I'll just say that IMO there probably are some opportunities in day trading the indices especially QQQ. It does seem to me that there is "momentum" on both the downside and the upside. Quantifying momentum is another story. FWIW I do believe stock prices tend to gravitate towards option strike prices and that people that follow the market closely on a daily basis do take advantage of exagertated movements for short term trades (David Sklansky posted one for MSO when the Martha Stewart story started breaking that turned out to be very profitable), sometimes just plain "flipping" a position in an hour or so.