XJO 0.81% 7,971.6 s&p/asx 200

i can cure chartists

  1. 9,950 Posts.
    lightbulb Created with Sketch. 104
    Technical Analysts typically use a chart to project *future* prices.

    If charts can predict the *future*, shouldnt they also be able to *predict the past*.
    Why dont Technical Analysts use charts to tell us where prices have come from ?
    Project to the left !
    After all a chart is a chart and the planetary alignments are the same in both cases.

    The major advantage of using charts to *predict* the past is that it can be tested.
    If a chartist discovers that he cannot predict the past with any statistical significance, they can ditch the charts and start learning proper investment methods.
    And who can argue with that ?
 
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