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Old 12-24-2005, 02:14 PM
AlanBostick AlanBostick is offline
Senior Member
Join Date: Sep 2002
Location: California
Posts: 127
Default Re: Technical analysis of poker charts -> any value?

IMHO, technical analysis of stock charts is mumbo-jumbo on a par with analyzing patterns of flocks of birds or examining the entrails of a goat.

The reason for such things as "resistance" and "support" levels are structural: traders tend to put limit orders at nice round numbers. Nobody says "sell JUNK when the price reaches 28 5/8"; it's always "sell at 30". Resistance to price increases and support for price declines occur because of clusters of limit orders tend to get executed together at those levels.

No such underlying structure exists in poker results, and so technical analysis cannot reveal its effects.

As long as you are interested in such things, would you like to buy a lucky rabbit's foot? Or, how about a lighting a candle to St. Dismas?
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