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Chartist Claims Debunked With Simple Math [Premium Articles]

A chartist I know sees a massive top formation in S&P 500. I replied to him that he has been wrong several times in the past with such random formations. He argued that although he is frequently wrong, almost 70% of the time, if he can make 4 times what he loses on the average then he can profit longer-term. Math says forget about it.

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