Comments on: Book Review: The Heretics of Finance – Conversations with Leading Practitioners of Technical Analysis http://allaboutalpha.com/blog/2009/04/05/book-review-the-heretics-of-finance-conversations-with-leading-practitioners-of-technical-analysis/ Hedge funds, portable alpha, 130/30 and alpha-centric investing Fri, 19 Mar 2010 07:52:26 +0000 http://wordpress.org/?v=abc hourly 1 By: Denise Shull http://allaboutalpha.com/blog/2009/04/05/book-review-the-heretics-of-finance-conversations-with-leading-practitioners-of-technical-analysis/comment-page-1/#comment-208602 Denise Shull Fri, 02 Oct 2009 20:30:48 +0000 http://allaboutalpha.com/blog/?p=4406#comment-208602 Part of the problem here is that there is an infinite number of technical analysis variables and the quality among them varies by great degrees. On the other hand, if you look at the ones that most purely represent what other investors/traders have done and the ones that most of the people can see (moving averages for example), you will find that indeed they tell you something about what many other investors/traders are very likely to do in the future. The saying "the market has a memory" is very clearly seen on a chart. Part of the problem here is that there is an infinite number of technical analysis variables and the quality among them varies by great degrees.

On the other hand, if you look at the ones that most purely represent what other investors/traders have done and the ones that most of the people can see (moving averages for example), you will find that indeed they tell you something about what many other investors/traders are very likely to do in the future.

The saying “the market has a memory” is very clearly seen on a chart.

]]> By: siin http://allaboutalpha.com/blog/2009/04/05/book-review-the-heretics-of-finance-conversations-with-leading-practitioners-of-technical-analysis/comment-page-1/#comment-208369 siin Thu, 01 Oct 2009 12:13:50 +0000 http://allaboutalpha.com/blog/?p=4406#comment-208369 Doesn’t it strike you that financial analysts are always wrong? That all of them (OK, 99%) forecasted nothing about the current crisis? Nothing about the 2000 dot com bubble, then collapse? Why do you doubt about technical analysis, and do not even have doubts about the proven failures of fundamental analysis when it comes to forecasting prices? Valerie Doesn’t it strike you that financial analysts are always wrong? That all of them (OK, 99%) forecasted nothing about the current crisis? Nothing about the 2000 dot com bubble, then collapse?
Why do you doubt about technical analysis, and do not even have doubts about the proven failures of fundamental analysis when it comes to forecasting prices?
Valerie

]]> By: valerie http://allaboutalpha.com/blog/2009/04/05/book-review-the-heretics-of-finance-conversations-with-leading-practitioners-of-technical-analysis/comment-page-1/#comment-154429 valerie Wed, 08 Apr 2009 13:07:58 +0000 http://allaboutalpha.com/blog/?p=4406#comment-154429 Doesn't it strike you that financial analysts are always wrong? That all of them (OK, 99%) forecasted nothing about the current crisis? Nothing about the 2000 dot com bubble, then collapse? Why do you doubt about technical analysis, and do not even have doubts about the <em>proven </em>failures of fundamental analysis when it comes to forecasting prices? Valerie Doesn’t it strike you that financial analysts are always wrong? That all of them (OK, 99%) forecasted nothing about the current crisis? Nothing about the 2000 dot com bubble, then collapse?
Why do you doubt about technical analysis, and do not even have doubts about the proven failures of fundamental analysis when it comes to forecasting prices?
Valerie

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