Yes thanks; I discovered that long ago. He's an engineering graduate from Ohio State as I recall.
A few years ago I attempted to answer a broader, more important question: Does Charting Work? I found no academic research suggesting it has any stock-picking value. And I found several savvy articles suggesting it was utter rubbish.
You'll note that history's greatest investor by far, Warren Buffett doesn't TA. He famously doesn't even have a computer on his desk in Omaha. Also note that there are currently no "charting based mutual funds." There used to be some... but they closed! That says a lot!
Charting does have one huge benefit, but it's for brokers, not investors. It encourages frequent trading. It also sells a lot of books to newbies who don't know better.
What else do you know about CT?
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Because the Good Life is Just a Pump or Two Away
