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Thursday, March 01, 2007 12:26:27 PM
Technical analysis is simply a measurement of the probability of future events through the observation of past events. Technical Analysis is science. The art of TA, where things begin to get foggy, depends on the practitioner and most are simply not hardwired from birth for math and science.
You (and John Stossel- LOL) find no value in past events and their influence on the future, I see patterns, repeating patterns, in that information. Patterns that repeat so often as to be nearly miraculous.
Here is some food for thought - TA is a integral component of FA.
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