Re: TA doesn\'t work?
 

But accelerating ROE is a technical indicator, not a fundamental indicator. So applying other forms of TA to stocks with accelerating ROE is a completely technical strategy.

Re: TA doesn\'t work?
 

[ QUOTE ]
But accelerating ROE is a technical indicator, not a fundamental indicator. So applying other forms of TA to stocks with accelerating ROE is a completely technical strategy.

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1) perhaps roe was a bad example but
2) acceralting ROE is very much profitability analysis not TA

Re: TA doesn\'t work?
 

I disagree that accelerating ROE is a purely fundamental form of analysis (probably somewhere in the middle b/t ta and fa), but even if it were completely fa, the trade is still purely ta IMO. You are making the trade because you think that x form of ta works on stocks with accelerating ROE... not because you think that the fundamentals are strong.

Re: TA doesn\'t work?
 

[ QUOTE ]

But I believe the way to beat the market is by taking advantage of arbitrage opportunities and value discrepencies. I'm very skeptical that historical price data (TA) has any value in predicting future prices.

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Well, sorry, but that's demonstrably untrue. It's really not that hard to find strategies which are profitable which do nothing but that.

The edges may be small, but they are there.

eastbay

Re: TA doesn\'t work?
 

support/resistance!

Re: TA doesn\'t work?
 

[ QUOTE ]
support/resistance!

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Nah. At least, I don't know how to make those ideas work.

eastbay

Re: TA doesn\'t work?
 

Support/Resistance hold, until they break.. what could be simpler [img]/images/graemlins/wink.gif[/img]

Re: TA doesn\'t work?
 

Calculating RSI by hand

Re: TA doesn\'t work?
 

Not to date myself too much, but one of my first tasks out of college was to automate away the work of an entire room full of nice little old ladies with pencils and spreadsheets... turned their entire workload into a single button push on my computer (ala George Jetson).