You're confusing "Efficient Market Hypothesis" with Random Walk/Brownian Motion. Rationality and a random walk have nothing to do with one another...
You can make/lose money with complex strategies... You can make/lose money with simple strategies... It's not that convenient. Malcolm Gladwell...
Chartered Market Technician. http://www.mta.org/eweb/dynamicpage.aspx?webcode=chartered-market-technician
Great find... I guessed A, E, F, G, I were fake. J came close... I couldn't find the next blog with the answers lol. I wonder how many I got...
That seems like a cool movie. I don't know if I can handle more of Michael Lewis' work though. My rebuttal to would be, how many athletic...
This is slightly beyond my comprehension. I know about time series and probability distributions. What's serial dependency in a t.s.?
You only have history as a guide... I model my risk by backtesting price action but I understand that "black swans" can occur. Backtesting suits...
I agree with this. It's not to say that intuition is always wrong or scientific reasoning is always correct... but for the most part its true....
He supposedly never shorted a stock in his life. :p
Say what you want but the guy was literally using Elliot Wave and modeling the price action from the 1929 crash... sure they could've used other...
Lol @ you suggesting that George Soros or John Paulson can learn anything worthwhile about trading from "bar by bar" Al Brooks...actually they may...
Lol ok, I wonder if George Soros, John Paulson or any profitable HF manager also trades bar by bar?
Sure it's impossible for one man to test "every" TA strategy. But academics as a group have been studying the subject for half a century... why...
This is a fair analysis. But should only pro Al Brooks comments be allowed on this thread? I thought ET was a forum where people can debate the...
Thanks marketsurfer and proflogic for hijacking the thread. Everyone appreciates your banter with one another. Hopefully we can return to the...
The brokers win, the brokers win!
I'm not... I just don't like reading books that turn out to be pitchbooks for something. Earlier this year I bought "The Other Side of Wall...
The people that trade of illusionary patterns probably would care.
This sounds like it relates to quant strategies derived from the bell curve... bad news!
US did the same thing in fall of 2008... this is not unusual. Short selling has a bad reputation. It's very difficult to short Chinese stocks...
Separate names with a comma.