throwing a french curve at gold..., page-5

Hi act. I don't really know what to think in regard to the French curve fitting. The fact that you can fit several data points to any particular equation is useful only if you can make the valid assumption that points outside the range specified by your actual data will also fit the equation. French curves are merely an equation incarnate or inplastate if you like...

Still, we, as those who believe that TA can offer some insight to the movement of share prices, do accept the concept of a trend line which is made more valid each time the price hits the line. That's really only another form of curve fitting.

I was curious as to whether some of our resident TA experts might make some comment on this.

AnnaP