"Charts are all about collective interpretive momentum aren't they? Everyone interprets a buy or sell technical trigger and follows that. So reverse analysis would be irrelevant since human emotion and knowledge gain can not be quantified in reverse?"
Citigroup sacked the TA department, headed by Louise Yamada, supposedly an expert TA with years of experience.
12-18 months ago Yamada made a monumental error of Leo_Strauss proportions. She called the DOW 8,000
The DOW went on to 12,500.
That is an error of $5 trillion.
Yellowcake, show me the books mate.
Like if I was buying a private business.
Because if the nexus of emotion and TA opinion is to make a 50%, $5 trillion error on an INDEX !, spare me that opinion.
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