Tag Archives: chart patterns

I Ignore All The Noise

There is too much information in mainstream and social media about the markets. The signal to noise ratio is very low as expected. Here is what I ignore.

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The Post-Hoc Chartist

Why do some chartists turn ad hominen when their practice is challenged? The plausible answer is that they are frustrated by continuous failures and are acting under the influence of backfire effect cognitive bias. In essence, there are people who … Continue reading

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A Brief Note On Chart Patterns With An Example Of Recent Failure

A recent failure of an island reversal pattern in the chart of the 10-Year Note yield adds to a long list of failed chart patterns in the last few years and reinforces claims that they are random formations. In the … Continue reading

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Technical Analysis Has Contributed To A Massive Wealth Redistribution

Classical technical analysis has contributed to the largest non-violent wealth-redistribution in the history of mankind. Modern technical analysis is not doing any better.

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Chart Patterns Without Statistics is Naive Technical Analysis

I am saying the obvious but I know some will deny it: Anyone who makes bets in a game of chance without having a measure of the expectation is a naive gambler. This is what many traders do when they … Continue reading

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Bond Charts Have Become the Junkyard of Chart Patterns

Bonds, and especially TLT, the popular ETF, have become a junkyard of classical chart patterns, a place where wrecking of such dubious formations is frequent and unforgiving.

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