Daily Speculations

The Web Site of Victor Niederhoffer & Laurel Kenner

Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.

 

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7/9/04
Victor Niederhoffer: The Joys of Technical Analysis

Bonds so very narrow. What does it signify from a counting point of view? As stated the main thing that's wrong with technical analysis besides that it asks the wrong questions, and doesn't take account of variability, and doesn't consider ever changing cycles, is that it has no way of testing whether something works or doesn't. So it's a ugly brouhaha of half truths, falsities, and gems all mixed together with no way of sorting the good from the bad.