Loading ...TA Bashers …they are out there
I get angry and aggressive emails form gold people…usually permabulls and other Neanderthals who don’t accept that the various forms of TA have any use and are just mental masturbation at best and charlatanism at worst.
I even get hate mail for “leading the poor sheeple astray with my favorite form of Technical Analysis….Chartology”
Lately I have just been Ignoring them but sometimes I wish I could address them here.
Here is a post from Avi Gilburt in response to a particular character who has criticized his use of Elliot Wave Theory .
I’m posting it not to pump Mr Gilburts Tires but because I think he hit this nail right on its head.
Thanks Fully.
The universe is made up of patterns and the behavior of patterns…..Patterns within patterns. That includes the behavior of humans, the behavior of investing and trading of stocks, resulting in stock prices.
You’d kind of have to be a believer that the universe is random to not appreciate TA. And maybe some do?
Just this last couple of weeks I’ve reflected on how much I appreciate this forum, Rambus’s and Spock’s for the incredible contributions so many make to help us all!
When you sent out the announcement that Rambus had an accident, my heart sunk thinking about how generous he is but most important the tone and demeanor he has inspired in these forums. It’s such a wonderful experience to be a part of such a great community that maintains such a fellowship.
And you keep it all together! Thanks so much.
The scariest thing about TA, Chartology, waves and the rest is that they are all making more and more sense to me in predicting PROBABILITIES.
Even I’m starting to get it! 🙂 Hell, I even called a head and shoulders bottom in the dollar last week! HA!
Yes to all of that !
Thanks Steins
Well Put
🙂
Amen. Great post.
Thank you for posting Fully!!
Hey Fully “I’m posting it not to pump Mr Gilburts Tires but because I think he hit this nail right on its head” These two metaphors together would leave Avi with a flat tire. 🙂
lol North!!